Artificial Island Hub Will Collect Wind Energy and Divert it to Shore

"The winds of change are blowing towards renewable energy, and nations are becoming increasingly more creative in how they can capitalize on the growing trend. At present, the most popular sources of renewable energy come from either solar or wind. Both, however, require tracts of land for their infrastructure. With real estate for wind farms becoming increasingly expensive and scarce, Dutch power grid and energy network operator TenneT wants to build wind turbines on the sea.

Well, not on water per se: rather, on shallow areas in a region in the North Sea called the Dogger Bank. Located some 125 km (78 miles) off the East Yorkshire coast, Dogger Bank is supposedly a windy enough site, allowing the company to optimize wind energy generation.

The Dogger Bank project is effectively what’s called an offshore wind farm, but what makes this project radical is the artificial island built in the middle. This would serve as a hub for the vast offshore farm, expected to be even bigger in scale than the current largest windfarm in Gansu, China. TenneT expects the Dogger Bank project to be able to handle a capacity of 30GW..."

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https://futurism.com/wind-farm-island-hub-netherlands-uk/amp/

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EIB & Yes Bank Partner For $400 Million Solar, Wind Funding In India

"The European Investment Bank has partnered with a private Indian bank to provide debt funding to large-scale solar and wind energy projects in India.

EIB and Yes Bank will co-finance solar and wind energy projects in the states of Karnataka, Telangana, Maharashtra, and Rajasthan. The projects presumably will have access to cheaper debt finance compared to the rates being offered by Indian banks due to the collaboration with EIB. All the four states have witnessed continued activity in the competitive auctions segment and the successful project developers will be in dire need for cheap debt.

The two banks will provide a total of $400 million (Rs 2,560 crore) to the renewable energy projects. The amount would be sufficient to support 500-600 megawatts of solar and wind energy capacity assuming a capital cost of Rs 6 crore ($0.94 million) per megawatt..."

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http://cleantechnica.com/2018/01/01/eib-yes-bank-partner-400-million-solar-wind-funding-india/