CBRE

Business News

Jun 28
Sea Breezes By Jodi LaMarco

Germany-based Siemens engineering firm and Norwegian energy group Norsk Hydro have signed a pact to construct the first floating windmill.

The project will cost nearly $34 million and could be operating in the North Sea by 2009. The prototype may pave the way for a small offshore wind farm that would be built some time between 2013 and 2014.

REUTERS

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