| Share: | Permalink |
Government commits to increasing subsidies in order to meet 2020 renewable energy targets Centrica and RWE npower are close to signing off on two huge offshore wind farms costing an estimated £3bn to build in further signs that the logjam holding up offshore projects is easing. It follows a government announcement in April to increase subsidies available for offshore wind projects, which are crucial for the UK to have any hope of meeting its 2020 renewable targets. Energy companies had shelved projects, blaming the credit crunch, weak pound and high construction costs for making them unviable.
Go here to read the rest:
Centrica and npower set to green light huge offshore wind farm projects
