The project is being developed by Trianel, a co-operative consisting of hundreds of local German power utilities, athough only 30 are actively investing in Borkum West 2.
Trianel intends to raise €700m ($1.06bn) to cover the first stage of the project, which is expected to be operational by 2012. The second €500m stage will follow “in the not-too-distant future, depending on how the financial situation progresses”, says Trianel spokesman Elmar Thyen.
“In
