Only recently, the offshore wind industry was seen as an opportunity to regenerate Germany's coast. But amid changing political attitudes and spiraling costs, several companies are struggling to survive. Is the wind boom over before it even really began?
Articles filed under Offshore Wind from Germany
A British diver was killed while performing underwater work at the 108 MW Riffgat offshore wind farm, located north of Borkum in the North Sea. The 26-year-old was buried in 20-meter water depth by a concrete mat, Die Welt reports.
An anonymous complaint about Windreich's financial management prompted Stuttgart public prosecutors to search the company's premises yesterday. German press reports claim that allegations focus on manipulation of the company's balance sheet and fraud, amongst other issues.
RWE AG (RWE) is delaying investments. SIAG Nordseewerke GmbH filed for insolvency. REpower Systems SE is cutting temporary staff. All show how German Chancellor Angela Merkel’s 550 billion-euro ($734 billion) plan to replace nuclear reactors with renewable sources is stalling.