00:00Non-European governments have agreed to expand
00:05offshore wind turbine projects across the North Sea.
00:10...gathered in Hamburg on Monday and said the project
00:12Kutsi Electricity Prices...
00:15...drop by 30% by 2014.
00:18The goal is to increase offshore wind...
00:20...capacity to 100 gigawatts by 2050 and by facilitating...
00:25First and foremost we need to produce more of our own energy.
00:30The good thing about wind, offshore wind, renewal...
00:35...is that they are also cheaper.
00:38So not only will it be good...
00:40...for our security and our safety...
00:42...it will also mean that we can bring down the...
00:45...crisis of energy that we can indeed become more...
00:49...competible...
00:50...in Europe compared to the rest of the world.
00:54More than 6,000...
00:55...offshore turbines provide clean electricity in Europe...
00:58...but deployment has been held back...
01:00...by weak auction design...
01:02...increased costs of capital...
01:04...and lack of visibility...
01:05...for the supply chain due to an uncertain project pipeline...
01:09...according.
01:10...to the industry.
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