9 May 2008
Wind farms may be unlikely to generate cash for energy companies due to rising costs, Centrica has warned this week.
Government plans to create energy via such offshore wind farms may not be that effective for energy operators, Centrica stated, even thought it will attempt to create these venues itself.
Director of Power Business Unit at Centrica Sarwjit Samba asserted that proposals to have 33 gigawatts of gas and electricity raised in this manner by 2020 could be deemed slightly adventurous.
He commented: "The worrying trend is that if the manufacturing costs continue to increase, then I think that the wind target is under threat."
And Professor of Energy Policy at Oxford University Dieter Helm told the BBC that the government should alter its renewable plans if targets are to be met.
Last week, Shell revealed that it is to pull out of the London Array project that may see a wind farm based on the Thames Estuary.
© 2008 Adfero Ltd
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