Germany and Denmark plan to invest $9 billion in an island of wind parks to replace Russian gas | Businessinsider

Germany and Denmark plan to invest $9 billion in an island of wind parks to replace Russian gasWind turbines located in the Baltic Sea between the German island of Rügen and Danish island of Bornholm.Germany and Denmark have struck a deal to boost offshore wind power capacity in the Baltic Sea.Both nations said it's a step toward reducing the region's reliance on Russian gas and oil.

Currently, Denmark and Germany have offshore wind power capabilities of 1.5 gigawatts and 1 gigawatts in the Baltic Sea, accounting for more than 90% of the region's wind energy, State of Green wrote in its statement. Robert Habeck, Germany's minister for economic affairs and climate action, said the"flagship project" would help Europe achieve"energy security and climate neutrality.", German Foreign Minister Annalena Baerbock emphasized her nation's desire to pursue the"enormous" potential of offshore wind energy in the Baltic Sea, which she said could generate up to 90 gigawatts of power.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Honda, LG to invest $4.4bn in US battery plantJapanese auto giant Honda and South Korean battery maker LG Energy Solution announced a joint venture to invest $4.4-billion in a new US electric car battery plant. I'm really grateful for all the efforts you have render to me with my little investment of R4000 and with joy over me after withdrawing R50,000 with your help Lisa_berry7 thank you for everything you have done for me and my family Lisa_berry7 You are indeed a great man to be called, I assure you that I will bring friends to come and invest with you because of the excellent work you did for me, I will keep sharing the good news about you JamesAlderson0
Source: eNCA - 🏆 49. / 51 Read more »