Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Concrete cars for coral reefs: Miami’s underwater eco-sculpture park takes shape – The Art Newspaper

November 28, 2025

‘We need to rethink’: new exhibition revisits an Israeli conceptual art project, 53 years on – The Art Newspaper

November 28, 2025

Orano Condemns Illegal Uranium Transfer from Niger Mine

November 28, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Commodities
Commodities

German wind power sector welcomes government offshore terminal funding By Reuters

News RoomBy News RoomMarch 24, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

© Reuters. FILE PHOTO: A view shows a nacelle of a wind turbine on a truck for heavy haulage being transported near a wind farm, in Biegen, Germany August 31, 2023. REUTERS/Lisi Niesner/File Photo

By Emma-Victoria Farr

FRANKFURT (Reuters) -The German Offshore Wind Energy Foundation said the government’s decision to help fund the expansion of an offshore terminal is important to achieve expansion goals for wind energy at sea.

In a statement late Friday, the foundation said it welcomed a government move to contribute to the costs of expanding the terminal at the port of Cuxhaven, on the North Sea coast.

The government has agreed to finance the 30-hectare (74 acres) expansion of the offshore terminal, together with the state of Lower Saxony and the private port industry, at a cost of around 300 million euros ($324.15 million), a government spokesperson said on Saturday.

“The expansion of the Cuxhaven port is a central project for the expansion of renewable energies,” said Stefan Wenzel, parliamentary state secretary at the Federal Ministry for Economic Affairs and Climate Action.

Germany’s BWE power association on Wednesday called for the government to take expansion costs into account in its national ports strategy to meet the country’s energy transition plans.

Transport Minister Volker Wissing this week said the federal government was committed to its responsibility for ports, including financially.

The German Offshore Wind Energy Foundation estimates that up to 200 hectares of additional heavy-duty area will be required by the end of the decade just for the construction of new offshore wind farms. This corresponds to 270 football fields, it said.

($1 = 0.9255 euros)

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Black Sea Disruptions, Oil Prices Threaten Kazakhstan’s Growth

Asia Distillates-Markets weaken amid lengthy supply; jet fuel paper turns contango

Iraq, oil firms trade blame over shut Turkey pipeline

Sinopec’s 2024 Profits Declined 13% After Oil Prices Fell

Will China’s Economic Slowdown Stall the Aluminum Price Rally?

WTI crude breaks a three-day losing streak

Russia Demands Oil Producers Slash Output for OPEC+

Cyclical risks fading for commodities

Russian government approves $1 billion sale of Sakhalin Energy stake By Reuters

Recent Posts
  • Concrete cars for coral reefs: Miami’s underwater eco-sculpture park takes shape – The Art Newspaper
  • ‘We need to rethink’: new exhibition revisits an Israeli conceptual art project, 53 years on – The Art Newspaper
  • Orano Condemns Illegal Uranium Transfer from Niger Mine
  • Gallerist Anthony Spinello Has Shown Miami Is More Than Miami Art Week for 20 Years
  • Exposed to the elements, public—and geese: the complex conservation of outdoor art – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

‘We need to rethink’: new exhibition revisits an Israeli conceptual art project, 53 years on – The Art Newspaper

November 28, 2025

Orano Condemns Illegal Uranium Transfer from Niger Mine

November 28, 2025

Gallerist Anthony Spinello Has Shown Miami Is More Than Miami Art Week for 20 Years

November 28, 2025

Exposed to the elements, public—and geese: the complex conservation of outdoor art – The Art Newspaper

November 28, 2025

Is Big Tech back? Meta’s and Microsoft’s stocks score largest weekly gains since May.

November 28, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.