Germany OKs subsidy-free bid for offshore wind park
Germany aims to generate 80 percent of its energy from renewable sources by 2050
On average the bids sought a subsidy of about $0.0047 per kWh under a system designed to encourage power companies to feed renewable energy into the grid.
German utility company EnBW said Thursday it would build the 900 MW park with a feed-in subsidy of $0.00 per kWh. The subsidies have been criticized by some as a hidden tax.
Germany aims to generate 80 percent of its energy from renewable sources by 2050.