BERLIN (AP) — Japan’s Mitsubishi is investing €576 million ($770 million) in developing German
offshore wind farms.Netherlands-basedgrid operator Tennet said Wednesday that Mitsubishi will take a
49percent stake in the €2.9 billion high-voltage cables linking fouroffshore farms to the German
grid.The four plants have a total production capacity of 2.8 gigawatts, more than two average nuclear
reactors.Linkingthe wind farms, some of which are more than 100 kilometers (60 miles)offshore, to
electrical grids is costly. Tennet needs to invest a totalof €5.8 billion to connect ten offshore wind
farms, and has beenstruggling to finance the grid expansion.Germany is phasing outnuclear power by 2022
in favor of renewable energies instead, andoffshore wind is expected to become one of the main energy
sources.Copyright 2013 The Associated Press.BERLIN (AP) — Japan’s Mitsubishi is investing €576 million
($770 million) in developing German offshore wind farms.Netherlands-basedgrid operator Tennet said
Wednesday that Mitsubishi will take a 49percent stake in the €2.9 billion high-voltage cables linking
fouroffshore farms to the German grid.The four plants have a total production capacity of 2.8 gigawatts,
more than two average nuclear reactors.Linkingthe wind farms, some of which are more than 100 kilometers
(60 miles)offshore, to electrical grids is costly. Tennet needs to invest a totalof €5.8 billion to
connect ten offshore wind farms, and has beenstruggling to finance the grid expansion.Germany is phasing
outnuclear power by 2022 in favor of renewable energies instead, andoffshore wind is expected to become
one of the main energy sources.Copyright 2013 The Associated Press.