Vattenfall to invest 1.4 bln USD in offshore windmills

Good news for windmill companies: the Swedish company Vattenfall will invest about $3 billion in wind power. Nearly half will go to offshore installations.

Photo: A2SEA

The Swedish electrical company Vattenfall will invest $2.9 billion in wind power during the next five years, the company states in its 2012 annual report.

About half of the money will be spent on onshore, while the remaining half will be invested in the growing offshore sector, writes Vattenfall. Wind is then 56 percent of Vattenfall’s growth investments, the report reveals.

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