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Source: Pixabay

These 3 Countries Just Made A Landmark Agreement To Increase Offshore Wind Power

By Brian Spaen

Over the next 10 years, three European countries will be part of the process in creating over 60 gigawatts of offshore wind power. That will greatly expand the capacity of 13.8 gigawatts from the renewable source as of 2016. The new joint statement is on top of the agreement 10 countries signed on a year ago.

The governments of Germany, Denmark, and Belgium have all signed on with 25 different companies to invest in offshore wind farms last Tuesday at the Offshore Wind Energy 2017 event in London. It’s expected that the deal will continue bringing down costs of production. It’s already gone down by 22 percent in Europe based on a report from The Independent, and that’s just in 2016.

Giles Dickson, the CEO of WindEurope and one of those 25 companies that co-organized the ceremony, admired the aggressive effort in the wind power industry: “With this Joint Statement, leading businesses and governments are taking the next step by committing to cooperate on the deployment of big volumes for offshore wind energy...Today’s statement is a clear recognition of the strategic importance of offshore wind as a clean, competitive and reliable energy source for Europe.”