Lewes, DE -- (SBWIRE) -- 06/05/2014 -- We believe that the reform of Germany's Renewable Energy Act is aimed at controlling the expansion of renewable energy, and not a sign of any retrenchment in policy. Whilst rising electricity prices are likely to remain a contentious issue for the government, industry groups, utilities and public alike, we believe that it is unlikely that the German energy policy - to aggressively pursue renewable energy and phase-out nuclear - will be altered under the Merkel-led government. As such, we expect to see the continued adoption of renewable energy, in line with the government's targets, and do not believe that nuclear will be brought back on the table. The German renewables industry has grown at a phenomenal pace over the last few years as the country continues to push for an expansion of renewable energy in light of the post-Fukushima nuclear phase out. Focusing primarily on wind and solar power, the country has firmly established itself as the European bellwether for green energy and is currently the global leader for installed solar capacity. The government have established a target for electricity generation from renewable sources, aiming to expand renewables so that they contribute 35% to the total electricity generation in the country by 2020, and 80% by 2050.
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- Germany's federal shipping office, the Bundesamt für Seeschifffahrt und Hydrographie (BSH), released a network plan for the North Sea offshore region in February 2013, stating that 25 offshore converters and 3,800km of subsea cables will be needed to connect the planned wind installations.
- In March 2014, Vestas Wind Systems secured a contract to supply turbines for the 72.6MW Buergerwindpark Eider wind farm in the German state of Schleswig-Holstein. The order has been placed by the farm's developer BWP Eider GmbH & Co. The contract also includes a 15-year service agreement and the project is expected to go online at the end of 2014.
- French energy company Areva finished installing 20 of the 40 turbines under the first 200MW phase of the Borkum wind park in the North Sea, off the German island of Borkum in February 2014. The offshore wind farm, owned by Germany-based Trianel, will have a total capacity of 400MW and will entail an investment of US$2.2bn.
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