by Stacy Feldman -
Jul 17th, 2008 
As rumored, New York-based private equity giant Blackstone Group is pouring $1.5 billion into an offshore wind farm in Germany that will power half a million homes and avert 1.6 million tons of CO2 emissions.
It’s being billed as one of the largest wind projects in the North Sea and should spawn a heap of German "green collar" jobs. Says the Blackstone Group:
It is planned to source all technical expertise and substantially all materials from within Germany.
Why would Blackstone choose Germany for its mammoth project? In the company's own words:
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