Transporting wind power from the North Sea to German consumers will cost about 12 billion euros ($15 billion), grid operator TenneT TSO GmbH said.

TenneT has earmarked 6 billion euros to build grid connection projects and is in talks with the German government to make sure that another 6 billion euros can be raised, Martin Fuchs, the head of the operator, said today in Berlin.

"We are in promising talks with the government to especially clear up the liability question, which would then enable us to find investors," Fuchs told reporters. "I'm convinced this will be solved."

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