Strabag shelves windfarm foundation investment plans
Austria-based contractor Strabag has blamed uncertainty in energy policies for its decision to scrap plans to invest several hundred million Euros in a wind farm foundation factory in Germany.
The company had been planning to construct a facility at Cuxhaven in Germany to manufacture gravity foundations for offshore wind farm developments and was also expected to invest in ships to deliver the structures to site.
Strabag CEO Hans Peter Haselsteiner said: “Despite our progress in gravity foundations technology, we have decided to not invest in the construction of plants and special ships for offshore wind for the time being. There are too many reasons against it at this time – from the uncertain legal situation and uncertain future of energy policy on the German market to the lacking storage technology for electricity from renewable sources and the lacking transport possibilities for getting the electricity from the producer to the consumer.”
The company has said that its activities in wind farm construction remain unaffected by the decision, however, it is unclear how the foundation elements of some project will be delivered as some were expected to be served by the factory at Cuxhaven.