German govt's KfW to provide greater financing support for offshore wind

The German government decided last Thursday that the country's KfW development bank will finance 10 wind farms with a combined €5 billion; KfW will now be able to provide up to €700 million in funding (and half of that in risk participation) per project.

Keeping financing costs low is essential to making these new large offshore wind farms financially viable under the current feed-in tariff.

Pointer to other countries: that's the way we're going to quickly shift our energy systems to clean.

Now we need rich countries like Germany to provide the risk guarantee support to energy systems in developing countries, so they can go clean green instead of polluting brown.