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Follow on Google News | Global Offset Experts: France unveils plans to build $14 billion offshore wind project.France recently announced that it is to build its first offshore wind project in a bid to gain ground on its European neighbors in the development of renewable energy.
"We are launching this first tender covering five development areas for offshore wind power in order to give the industry's players greater visibility,” The tender had been delayed, initially expected in September, and led to anxiety among industrial firms which indicated that they needed a commitment from government before they built the facilities to manufacture wind power turbines. Global Offset Experts was informed that while there are numerous offshore wind turbine manufacturers in Europe including Germany’s Siemens and Denmark’s wind energy giant Vestas, there are currently none in France where capacity is at present nonexistent. "We have all the assets to build an industrial sector and even to become the leader in offshore wind power," Global Offset Experts believes France's Ecology Minister Nathalie Kosciusko-Morizet was quoted as saying. The new project, one of the globe’s biggest with a power generation capacity equal to that of three small nuclear reactors, is expected to create 10,000 jobs according to Sarkozy, who added that candidates would be selected in early 2012. France hopes to build wind power capacity of 25,000 MW by 2020 at a cost of €20 billion in order to meet its target of sourcing 23% of its total energy needs from renewable energy. Currently, Global Offset Experts data shows, wind power represents less than 2% of the country’s output capacity, compared with 7 % in Germany. # # # GLOBAL OFFSET EXPERTS’s green investments bring environmental stewardship together with a potent economic model which protects and renews while delivering top returns to investors. End
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