Understandably, the project’s investors are becoming increasingly nervous, which is why lawyers are now scrambling to pin the blame elsewhere. According to the German magazine Speigel “everything has turned to the question of who is responsible for the fiasco – and the costs.”
Inevitably, the fiasco has brought into question the feasibility of the entire green energy industry. The Bard 1 project was designed to be the global leader in offshore wind design: a model for everyone else to follow. That it doesn’t work has already cast doubt on other projects. Energy company Trianel are concerned that their ‘Windpark Borkum’, Germany’s second largest major offshore project, will now not work when it comes online next month. And they have already shelved plans for a further 200MW offshore project until the technology can be proven.
Read the whole thing here...
http://bit.ly/1sDrASv