Energy provider E.ON is set to invest 7 billion Euro over the next five years in renewable energy and offshore wind farms.

One of the first things to be built using the cash will be the Amrumbank wind farm in the German North Sea, which is expected to supply enough green electricity to 300,000 households.

Johannes Teyssen, E.ON Germany’s CEO said: “Amrumbank is our clear commitment to helping to transform Germany’s energy system. Renewables are a cornerstone of our strategy and offshore wind is one of E.ON’s growth areas. Going forward, we intend to commission a new offshore wind farm every 18 months.”

E.ON is currently building London Array in the Thames Estuary off the UK coast, which will be the world’s largest offshore wind farm on completion.