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Renewable Energy Firm Sees 'Big Potential' in German Wind Farm Market

Feb 7, 2013
Source: 
(Bloomberg)

Renewable Energy Systems Ltd., a U.K. company that’s built about 7 gigawatts of clean-energy projects in parts of Europe and North America, plans to expand its reach to Germany, the continent’s biggest market for the industry.

RES may develop as early as this year onshore wind farms in Germany and is talking to potential partners as it defines its expansion plans there, said Jean-Marc Armitano, chief executive officer of the developer’s RES Mediterranean unit.

Germany is investing in clean energy as it phases out nuclear power. It plans to build offshore wind farms covering an area as much as six times the size of New York City and raise renewable-energy production to about 40 percent of total power output by the end of the decade, from about 25 percent now.