Thursday, 29 December 2011

E.ON makes multi-billion green energy investment
21 Dec 2011

E.ON is making another huge leap into green energy with a multi-billion investment of EUR7 billion for three new wind farms in the North and Baltic Seas. In the Baltic Sea, off Sweden's southern coast, E.ON is building Kårehamn wind farm which will become operational in 2013. Kårehamn will have a capacity of 48 MW and is costing around EUR120 million to build.

In the German North Sea, the energy giant is building Amrumbank West – a deepwater wind farm of 80 turbines costing EUR1 billion. It will have a total capacity of 288 MW. The farm will supply green energy to around 300,000 households and enter into service in 2015. Off the UK coast, the Humber Gateway wind farm is costing EUR850 million: this will have 219 MW capacity and enter into service in 2015. Both Kårehamn and Humber Gateway will use the new Vestas 3 MW V112 turbine.

Johannes Teyssen chief executive and chairman at E.ON said: "Renewables are a cornerstone of our strategy, and offshore wind is one of E.ON's growth areas. Going forward, we intend to commission a new offshore wind farm every 18 months. We have invested EUR7 billion in renewables during the past five years, and we will invest further EUR7 billion over the next five years as a substitute for other power generation."