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Mitsubishi invests $770m in German offshore wind
BERLIN (AP) -- Japan's Mitsubishi is investing (euro) 576 million ($770 million) in developing German offshore wind farms.
Netherlands-based grid operator Tennet said Wednesday that Mitsubishi will take a 49 percent stake in the (euro) 2.9 billion high-voltage cables linking four offshore farms to the German grid.
The four plants have a total production capacity of 2.8 gigawatts, more than two average nuclear reactors.
Linking the wind farms, some of which are more than 100 kilometers (60 miles) offshore, to electrical grids is costly. Tennet needs to invest a total of (euro) 5.8 billion to connect ten offshore wind farms, and has been struggling to finance the grid expansion.
Germany is phasing out nuclear power by 2022 in favor of renewable energies instead, and offshore wind is expected to become one of the main energy sources.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Posted: Wednesday, January 16 2013, 09:09 PM CST
IN OKLAHOMA NEWS
Obama says nation must do more for fallen heroes
May 25, 2013 10:08 GMT
By DARLENE SUPERVILLE Associated Press
WASHINGTON (AP) -- President Barack Obama says the nation must do more than just remember its fallen heroes on Memorial Day.
In his weekly radio and Internet address, Obama says the country must care for the loved ones the fallen leave behind. He says the country must also make sure that all veterans receive the care and benefits they have earned.
Obama says that, above all, the armed forces must have the support needed to carry out their missions at home and abroad.
In the Republican address, Oklahoma Sen. James Inhofe thanks the nation for its prayers and support following Monday's deadly tornado in his home state. He recalls past natural and man-made disasters in Oklahoma and says that while the state was hard hit, "we're not knocked out."
Obama's address: http://www.whitehouse.gov Republican address: http://www.youtube.com/gopweeklyaddress
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From the FOX 25 First Forecast Center..The holiday weekend is here...Expect variable clouds with scattered showers and t'storms for your Saturday. ...
US durable goods orders rise 3.3 percent in April
WASHINGTON (AP) -- U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
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By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: RESTAURANT FLAP LEADS TO INTERNET MELTDOWN
SCOTTSDALE, Ariz. (AP) -- It isn't exactly to curry favor with your restaurant customers -- even if your specialty isn't curry.