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Politics : Rat's Nest - Chronicles of Collapse -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (4968)	10/31/2006 11:58:22 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 24210

The First Ever Off-Shore Wind Farm Financed by Banks... Posted by Prof. Goose on Tuesday October 31, 2006 at 10:37 AM EST [editor's note, by Prof. Goose] This is a guest post by Jérôme à Paris from the European Tribune. (And Daily Kos) I am finally in a position to write about a project that has kept me busy in the past year and a half and that may interest the readers of the Oil Drum... This Wednesday, a few banks, including mine, signed and disbursed a ground-breaking loan: we put 378 million euros on the table, to build 60 wind turbines in the North Sea, 25 kilometers off the coast of the Netherlands, near Amsterdam. The wind farm, at 120 MW is not the biggest to be built offshore (that title goes to Nysted, built three years ago, which has a capacity of 165 MW), but it is the first-ever offshore wind farm to be financed by banks. Above is a picture of one of the first piles, built just a few weeks ago. In just over a year, 60 of them will have been planted in the seafloor, have a wind turbine bolted on top, and the farm will start producing electricity - enough to provide power to 125,000 households and to avoid 225,000 tonnes of carbon emissions per year. It will look a lot like this one, North Hoyle, completed in 2004 and which uses the same turbines: There's more… (1539 words) \| Comments (49 new, 49 total) theoildrum.com