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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs