Europe Eyes €30B Green Grid

43-billion-dollar_North_Sea_060110Earlier this summer a German-led consortium announced a plan to develop a string of utility-scale solar farms across the Sahara desert, for more on that, see here.

Now,  a group of nine European countries is looking north, to the wind-swept North Sea to meet their growing renewable energy needs.

The nine countries, which include  France, Ireland, Luxembourg, the Netherlands and Sweden as well as Germany, have teamed up to launch a €30 billion ($43 billion) 6,000-kilometers grid network that if ever develop will connect existing renewable energy projects to a single grid network.

In announcing the project German Economics Minister Rainer Bruederle said:

The aim is a rapid extension of renewable energy and its integration into an operating electricity system.

The project is expected to take a decade to complete. A feasibility plan is expected to be unveiled later this year, according to a story posted on the EarthTimes.org Website.