{"id":8083,"date":"2015-04-15T22:31:55","date_gmt":"2015-04-15T22:31:55","guid":{"rendered":"https:\/\/seafarersrights.org\/eu-approves-german-aid-to-wind-industry\/"},"modified":"2015-04-15T22:31:55","modified_gmt":"2015-04-15T22:31:55","slug":"eu-approves-german-aid-to-wind-industry","status":"publish","type":"post","link":"https:\/\/seafarersrights.org\/eu-approves-german-aid-to-wind-industry\/","title":{"rendered":"EU approves German Aid to Wind Industry"},"content":{"rendered":"
\n

By MarEx <\/a><\/b> 2015-04-16 18:31:55 <\/p>\n

The European Commission on Thursday gave Germany the green light to support the construction of 20 offshore wind farms by paying operators a premium on top of the market price for electricity, it said in a statement.<\/p>\n

The Commission concluded that the projects would contribute to reaching Germany’s 2020 targets for renewable energy without distorting competition. The total investment costs amount to 29.3 billion euros ($31.19 billion).<\/p>\n

Under EU law, the Commission can order the recovery of state aid given to companies if it finds it distorts competition.<\/p>\n

The Commission said that the wind farms will enable new electricity providers to enter the German market.<\/p>\n

E.ON, RWE, Vattenfall and EnBW have all said in the past that they wanted to be part of the construction of offshore wind farms in Germany.<\/p>\n

Copyright Reuters 2015.<\/span><\/p>\n

<\/em><\/p>\n<\/article>\n

This post was sourced from Maritime Executive: View original article here.<\/a><\/p>\n ","protected":false},"excerpt":{"rendered":"

The European Commission on Thursday gave Germany the green light to support the construction of 20 offshore wind farms by paying operators a premium on top of the market price for electricity, it said in a statement.<\/p>\n

The Commission concluded that the projects would contribute to reaching<\/p><\/div>\nRead More<\/a>","protected":false},"author":8,"featured_media":8084,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-8083","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-maritime-executive","8":"entry","9":"gs-1","10":"gs-odd","11":"gs-even","12":"gs-featured-content-entry"},"acf":[],"yoast_head":"\nEU approves German Aid to Wind Industry - Seafarers Rights International<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seafarersrights.org\/eu-approves-german-aid-to-wind-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU approves German Aid to Wind Industry - Seafarers Rights International\" \/>\n<meta property=\"og:description\" content=\"The European Commission on Thursday gave Germany the green light to support the construction of 20 offshore wind farms by paying operators a premium on top of the market price for electricity, it said in a statement. 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