German Banks Banned From Financing Offshore Windfarms

http://www.climatechangedispatch.com/home/10180-german-banks-banned-from-financing-offshore-windfarms

Next bad news for the German Federal Government: Stricter regulations of the financial markets are endangering the green energy transition. The knockout blow for the financing of offshore wind farms is the so-called matching maturities rule which was aggravated to stabilize the financial markets. "Offshore wind farms cannot be financed by anyone. We have just been banned from doing this," said Commerzbank board member Markus Beumer. --Henning Krumrey, Wirtschaftswoche, 12 May 2012