02 Sep '11, 12am

Volkswagen Investing One Billion Euros in Wind Energy

Volkswagen Investing One Billion Euros in Wind Energy

has been a leader in solar energy the past decade, wind power has been a different story. Ambitious projects to build wind power farms in the North Sea have suffered from the lack of investors who saw the proposed projects as too risky. Volkswagen had been in talks with wind power developers for several years but had hesitated to commit to the industry. But the moves of other companies, including the American private equity firm Blackstone, helped open the door to increased investment. Blackstone closed a deal on one wind farm last month. Now WV is set to invest in two wind power farms, including one 60 miles (95 kilometers) north of Bokum (pictured left), an island off of Germany’s northwestern coast.

Full article: http://www.triplepundit.com/2011/09/volkswagen-investing-...

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