Wales, UK — RWE Innogy, Stadtwerke Muenchen and Siemens have entered into a joint venture to build the 576 MW offshore wind farm Gwynt y Môr in the UK.
RWE Innogy will hold a 60 percent stake in this joint venture, Stadtwerke München (SWM) 30 percent and Siemens 10 percent. The total investment amounts to more than €2 billion (US $2.44 billion), including the grid connection to the coast. The investment will be divided between the partners accordingly.
The order value for each ship is around €100 million. The new construction ship is expected at the end of 2011. The foundations and wind turbines are to be pre-assembled there and then transported out to sea.
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