Costs are greater than on land, but high fossil fuel prices narrow gap
Updated: 10:07 a.m. ET Oct. 27, 2005
COPENHAGEN - Europe’s wind power industry has high hopes that offshore wind farms can help maintain double-digit growth rates in a sector boosted by high oil prices.
“The future of wind energy depends on the offshore market,” Arthourus Zervos, President of the European Wind Energy Association (EWEA) told an offshore wind power conference on Wednesday. <snip>
Siemen’s Bonus Energy has supplied turbines to the world’s biggest offshore wind project, the Nysted Offshore Wind Farm, located around six miles off the coast of south Denmark.
Nysted has a capacity of 166 megawatts. The 72 mills, more than 100 yards tall, are generating electricity corresponding to the annual consumption of 145,000 households. <snip>
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