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France to launch tender for wind turbines

Aug 24 2010 15:49 AFP

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Paris - The French government will next month launch a tender for contracts totalling €10bn to build 600 offshore wind turbines around the French coast, officials said on Tuesday.

The aim is to create production capacity of 3 000 megawatts of electricity generated from 10 different sites, officials at the ecology and energy ministry said.

At the current cost of €3.5m to build each megawatt capacity, "that represents an investment programme of €10bn," a ministry official said.

The first wind turbines resulting from this tender are not due to be up and running before 2015.

By 2020 the government says it hopes for wind turbines with a production capacity of 6 000 megawatts.

France currently produces only a tiny amount of its electricity with wind turbines.

 
 
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It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

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