EON Warns of Offshore Wind Investment Halts, Berliner Reports
EON AG (EOAN) said investments into German offshore wind farms may be halted after 2015 because of delays in connecting them to the power grid, Berliner Zeitung reported, citing Mike Winkel, head of the utility’s clean-energy unit.
Hooking up EON’s Amrumbank West project in the North Sea will be delayed by about 15 months, Winkel told the newspaper. EON can’t take an investment decision on two additional projects in planning because of the delays, he also told the newspaper.
He added that “no one will invest further” if the grid connection remains uncertain, “neither EON nor others,” the newspaper reported.
To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
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