Germany, Belgium and Denmark have just entered into a historic agreement wherein the countries have pledged to increase their offshore wind power capacity from 13.8 gigawatts to more than 60 gigawatts within the next decade. That is five times more than their existing capacity.
The move is being hailed as an economic and environmental win due to the constantly reducing offshore wind prices. To accomplish the task, the governments of all three nations have pledged to work with more than 25 private companies, such as Dong Energy.
The agreement builds on a partnership between 10 northern European countries to collaborate on cutting the cost of installing offshore wind turbines. The seven countries absent from the signing will be asked to support the new statement.