Germany Mulls Backing Wind Platform to Counter China Competition (opens original article in a new tab)

Germany is considering supporting an offshore wind power-conversion platform in the Baltic Sea to counter China's dominance in renewables infrastructure, with potential loan guarantees of up to €300 million for a consortium including Siemens Energy AG.

• Germany is considering backing an offshore wind power-conversion platform in the Baltic Sea to counter China's dominance in renewables infrastructure
• The government is evaluating up to €300 million in loan guarantees for a 2-gigawatt converter platform consortium including Siemens Energy AG
• The initiative aims to revive local production of wind energy converters, currently dominated by Chinese manufacturers