New wind farm investment of over one billion Euros

Forcefully investing in renewable energy, Vattenfall has now entered into the DanTysk project for the construction of an offshore wind farm in the North Sea. The wind farm will produce renewable energy equivalent to the electricity consumption of 500,000 households. The project is among the biggest ones in offshore wind power and implemented as a joint venture by Vattenfall and Stadtwerke München (SWM). The total investment is estimated to more than one billion Euros. In the joint venture DanTysk Offshore Wind GmbH, Vattenfall has 51 percent and SWM 49 percent of the shares. Vattenfall will be responsible for the construction, which will begin in 2012, and the operation of the wind farm. The North Sea wind farm will be situated roughly 70 kilometres to the west of the German island of Sylt. With a capacity of 288 megawatts (MW), and an output of around 1,320 GWh electricity, the wind farm will supply enough renewable power to supply electricity more than 500,000 homes, based on an average electricity consumption of 2,500 kWh per home

New wind farm investment of over one billion Euros | Tomorrow is greener