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Study says Germany can save EUR 2.5bn annually from fewer offshore power plants

(SeeNews) - May 28, 2013 – Germany can save about EUR 2.5 billion (USD 3.2bn) annually if it builds more onshore wind power plants and fewer offshore ones, a study published today showed.

The reason is the high investment costs for offshore wind parks and grid connections, the study, which was commissioned by think tank Agora Energiewende and prepared by consultancy firm Consentec, said.

Yet, the offshore expansion should not be completely stopped, Agora's director Rainer Baake said. It should be continued at low pace to allow further technology and industrial development.

Consumer protection organisations demanded at the start of April a significant decrease in the number of new offshore plants. The organisations expect noticeable extra costs for consumers because the feed-in compensations for offshore power are big.

(EUR 1.0 = USD 1.291)

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