German power groups cash in on alternative energy

Rocketing oil prices and the push towards reductions in carbon dioxide emissions have triggered a wave of investment in renewable energy in Germany, helping to underpin a boom in alternative power in Europe’s biggest economy.

Until recently, the alternative energy business was largely dominated by small and medium sized companies.

..With vast wind parks now spreading out from the land into the sea, Germany’s third biggest electricity group Swedish-owned Vattenfall Europe has announced plans to launch a 200-million euro ($247 million) study into the building of an offshore wind park in either the North or Baltic Sea.

Indo-Asian News Service