I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Friday, 12 July 2013

New offshore wind turbines begin turning, but cash scarce

[BRUSSELS] Around twice as many offshore wind turbines were added to the power grid in Europe in the first half of 2013 compared with a year ago, but financing for new projects has slowed, industry body the European Wind Energy Association said on Friday.

Offshore wind power is still in its infancy and its financing is a political issue as cash-strapped governments balk at the subsidies the industry says are necessary until economies of scale and streamlined processes can make it more competitive.

In the first half of this year, 277 new offshore wind turbines, totalling 1,045 megawatts were fully connected to the power grid, compared with 523.2 megawatts in the same period last year, EWEA said in a report published on Friday.

Germany's Siemens was responsible for the vast majority of this year's new connections, it added.


CW8888's comment:

Probably, explain why there is no new project from this sector.


Read? Keppel to expand suite of solutions for Offshore Wind Farm Installations


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