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Ministers back North Sea super grid
 European Union leaders have reportedly agreed in principle to back a North Sea super-grid for offshore wind power.
According to the European Wind Energy Association ten Ministers from all North Sea countries have agreed under Memorandum of Understanding on building an offshore electricity grid in a step towards a single European market for electricity.
“For us, Europe’s wind energy industry, the Memorandum is an indispensable step to create an offshore electricity grid, critical for developing a single European market for electricity and for allowing offshore wind farms to plug into that grid,” declared Christian Kjaer, chief executive officer of the European Wind Energy Association (EWEA).
Kjaer points out that the EU has already highlighted that 140 Gigawatts of offshore wind power capacity is being planned.
After the MoU was signed in Brussels by the ten Ministers and the European Commission, the EWEA claimed it would be the starting point for creating a new offshore grid, tearing down what it calls “...unnecessary and costly barriers to electricity trade between EU member states.”Advertisement
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Aker group grows value Norwegian industrial group Aker ASA says it value rose 16% in the first quarter to NOK 22.5 billion (US $3.74 bn) as its investments – mainly in oil and gas operations rose in value.
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