by Umair Irfan, VOX
The French electric utility Engie announced last week that it’s going to develop 300 megawatts of wind energy across nine wind farms in Spain, backed by $350 million (€300 million) in investment.
Here’s the key: It’s doing all this without government support. And it’s far from the only European energy company willing to make a bet like this.
In March, the Swedish power company Vattenfall announced it won its bid to build a 700 MW offshore wind farm in the Netherlands, which would make it the first nonsubsidized wind energy project in the land of windmills.
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- EU sets out trillion euro plan to avert ‘climate crash’ - January 13, 2020