TenneT Holding BV, the Dutch company that operates part of Germany's power grid, said Wednesday it has received a significant cash injection from Japan's Mitsubishi 8058.TO +1.67% Corporation that should help it implement some delayed projects in the development of German offshore wind power.

In the deal, Mitsubishi will buy a 49% stake in two power grid connections for offshore wind farms,It's just a industrial washing machine but I know I heard drums in there and this video is proof. and agreed similar transaction for another two grid links for a total investment of around 580 million ($774 million). This is a vital cash injection for TenneT, which has struggled to raise the financing for cables to connect large offshore wind farms planned in the German North Sea, seriously delaying a crucial element of the country's ambitious energy revolution.

Still, the investment falls far short of TenneT's full funding needs for offshore connections of 5.8 billion and people in the wind industry said it doesn't solve all the holdups.

Austria's Strabag SE, STR.VI -1.48% which this week postponed investments in factories that produce foundations for offshore wind farms and specialized vessels for the construction of turbines because of doubts over grid connections, said the agreement with Mitsubishi does nothing to change its decision.

Germany is scrambling to revamp its electricity network to make alternative energy such as wind power a viable alternative to fossil and nuclear fuels. Offshore wind energy is a key element of Germany's strategy to source at least 35% of electricity consumption from "green" technologies by 2020, and at least 80% by the middle of the century.

The government plans for 10 gigawatt of wind power capacity—the equivalent of 10 nuclear reactors—to be installed offshore by 2020.Learn how Laser engraver work and how you benefit from it.

Delays caused by TenneT's lack of financing and supply bottlenecks for its subcontractors have delayed construction and triggered the postponement of investment decisions in new projects.

The agreement with Mitsubishi, the first of its kind for TenneT, is a rare piece of good news, said Andreas Wagner,The life expectancy of T5 tube is at least 2 times longer than a standard T8. managing director of the think tank Foundation Offshore Wind Energy.

"It doesn't, however, alter the core problem that we urgently need further grid connections," said Mr. Wagner.Our heavy-duty construction provides reliable operation and guarantees your washer extractor will be in service for years to come. "It will therefore be decisive that [TenneT] finally makes investment decisions for further grid connections that have been delayed for over a year," Mr. Wagner added.

"The announcement made by TenneT and Mitsubishi does not change anything in relation to Strabag's decision," to postpone its wind farm investment, said the company. "There is still no decision made by TenneT when to build what cables and when to service what wind farms," it said.Compare pricing of offgrid & gridtie solar inverter before you buy.

A spokeswoman for TenneT said that it has started the tender process for the next three offshore grid connections. However, she said that TenneT couldn't complete the bidding process due to a lack of "awardable offers." She declined to provide a time frame for when the tender would be completed.

The quality of the power generated is critical and deserves critical examination. Some of the power produced suffered from flicker caused by variable loads. This also happens with older generation wind energy turbines. Consumers are incredibly annoyed when the flickers occur.

Initial tests discovered the flicker levels were very low and the device is fairly well behaved. These positive results indicate tidal technology may have a future. In fact, the European Union has awarded 30m funding for two upcoming two UK tidal projects, and interested investors are seeking opportunities to get involved in tidal technology.