• 3 hours Saudi Fund Buys Stake in Hollywood Talent Agency
  • 2 hours Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 3 days Russian hackers targeted American energy grid
  • 8 hours Putin Is A New Russian Stalin - Victory For The Next 6 Years
  • 7 hours Miners against Government: Largest Miners In Congo Quit Chamber Of Commerce Amid Growing Tax Dispute
  • 3 days Is $71 As Good As It Gets For Oil Bulls This Year?
  • 3 hours G20 Rejects Calls for Cryptocurrency Regulation
  • 3 days Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
  • 2 hours Is Trump Harming Oil Industry?
  • 2 hours Volkswagen To Announce $340 Million Tennessee Investment To Build New SUV For U.S. Market
  • 3 hours Africa Is The New Land Of Opportunity For Investors
  • 8 mins Trump Bans Venezuelan National Cryptocurrency
  • 3 days HAPPY RIG COUNT DAY!!
  • 4 days I vote for Exxon
  • 4 days Ford Recalls 1.38 Million Vehicles (North America) For Loose Steering Wheel Bolt
  • 3 days Spotify to file $1 billion IPO
Are Oil Stocks Stagnating?

Are Oil Stocks Stagnating?

It has been a wild…

Oil Prices Rise Despite Climbing Rig Count

Oil Prices Rise Despite Climbing Rig Count

The oil rig count rebounded…

World's Largest Turbines to be Used in German Wind Farm

Germany’s ambitious renewable energy plans continue to progress as the German company juwi has signed a contract to form a joint venture with the Austrian electric utility Verbund AG, also heavily involved in renewable energy sources.

Matthias Willenbacher, the CEO of juwi, said that Verbund “is fully committed to renewable energy and already generates 90 percent of its electricity from renewable sources.” It provides a good partner for large scale renewable energy projects.

The two companies will cooperate on the development of major wind farms in the in Rhineland-Palatinate, which includes projects in Ellern, Seibersbach, Dörrebach and Dichtelbach (in the Hunsrück) and in Stetten.

The wind farms will contain a total of 21 wind turbines with a total capacity of 86.1 megawatts. Installation of the units is expected to begin from the end of 2012 up until the middle of 2013. Five of the 21 turbines will be the 7.5MW Enercon E-126, the most powerful turbine currently available on the international market. Juwi claim that just one of the turbines has the capacity to supply 5000 households.

Wolfgang Anzengruber, the CEO of the Austrian electric utility, said that “the purchase of this wind farm portfolio is a strategic move for Verbund. Germany is one of our key target markets for the future.”

By. Joao Peixe of Oilprice.com

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News