Arkona (ECR) intends to cut its pipeline from 10 GW in every two years to 5 GW 2015 , investing in 5 offshore wind project every two years , as the German markets switching from feed-in-tariffs to a competitive tendering process encourages more selective spending on large-scale projects. ECR is currently involved in the construction of the 400MW Rampion offshore wind farm off the UK, and the 385MW Arkona offshore wind farm in the German part of the Baltic Sea. ECR's CEO Michael Lewis said the company will set aside around €1bn a year to invest in renewable energy, including on- and off-shore wind and solar.
Arkona (ECR) intends to cut its pipeline from 10 GW in every two years to 5 GW 2015 , investing in 5 offshore wind project every two years , as the German markets switching from feed-in-tariffs to a competitive tendering process encourages more selective spending on large-scale projects. ECR's CEO Michael Lewis said the company will set aside around €1bn a year to invest in renewable energy, including on- and off-shore wind and solar.