Germany OKs 1st bid for offshore wind park

Berlin • German authorities have approved the first bid to construct an offshore wind park without feed-in subsidies, indicating the growing competitiveness of renewable energy. The agency that oversees access to Germany’s electricity grid says the bid was one of four to receive approval for projects in the North Sea with a total capacity of 1,490 megawatts. On average the bids sought a subsidy of about $0.0047 per kilowatt hour under a system designed to encourage power companies to feed renewa...

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