• Germany with Ambitious Plans for Offshore Wind Energy by 2030

    /LONDON, February 6, 2023, 9:30 GMT, RENEWABLE MARKET WATCHTM/ Offshore wind energy has become an increasingly important renewable energy source in Germany. The German government has implemented several policies and initiatives to support the expansion of offshore wind energy. One of the most significant are amendments to Renewable Energy Sources Act (EEG) and to the German Offshore Wind Energy Act (WindSeeG), which sets out a framework for developing offshore wind farms and provides rules for auctioning offshore wind energy projects. The country has set ambitious goals to expand offshore wind power, with a target of 30 GW of installed capacity by 2030 and a long-term goal of reaching 70 GW by 2040. All these measures shall accelerate the expansion of renewable energy contained and are into force from 1 January 2023.

  • Iberdrola and Masdar Close Their EUR 1.6 Billion Alliance to Develop Offshore Wind in the Baltic Sea

    /MADRID, November 2, 2023, 10:00 GMT, Iberdrola/ Iberdrola has signed a strategic agreement with Masdar, a major renewable energy group based in Abu Dhabi, to co-invest in the 476 MW Baltic Eagle offshore wind farm, located in the German Baltic Sea. Following confirmation that all the necessary regulatory approvals have been received, Iberdrola will have a majority stake of 51% in the project, which will help to accelerate energy independence in Europe.

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