CleanTech

EU offshore wind projects face shortage of funds

European Wind Energy Association said that offshore wind projects, which are expected to fulfill around 17 per cent of the European Union' energy demands by 2030, are facing acute shortage of funds.

Offshore wind projects require 57 billion euros by 2020 to complete projects with 40 Gigawatts of generating-capacity, while some huge projects with 100 Gigawatts of generating-capacity are already under construction.

Study says cleaner energy can create jobs; global business summit corroborates

According to the Copenhagen Climate Council study, in case the US increases its dependence on cleaner sources of energy, at least 2 million new jobs would be created in the country. The substantial number of jobs will result from a mere half-percent yearly rise in US' electricity, provided one-quarter of its electricity comes from wind energy and other renewable sources!

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