Strabag postpones investments in offshore wind energy

Vienna, Austria / Cuxhaven, Germany - The European construction group Strabag SE postpones its planned investments in the field of gravity-based foundations technology for offshore wind until further notice.

The company had planned to spend several hundred million euros over the next few years on the construction of a factory and of special ships to transport self-developed concrete gravity foundations for offshore wind plants.

Hans Peter Haselsteiner, CEO of Strabag SE, explains: "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

Source: IWR Online, 16 Jan 2013