Blog

Today in Cleantech

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

Fresh on the heels of Google’s big splash into transmission cables for offshore wind, here’s a report showing that clean-energy financing’s 11 percent rise in the third quarter was largely driven by investment in offshore wind power grids. Bloomberg New Energy Finance says the quarter’s record-setting $32.8 billion in worldwide asset financing was boosted by $1.9 billion raised for “HelWin 1” and “DolWin 1,” two big high-voltage direct current (HVDC) cable projects set to link Germany to North Sea wind farms by 2013. TransPower, part of the Dutch state-owned TenneT Holding, is in charge, and Siemens and ABB are laying the cables.