SERIOUS MONDAY: WIND FARMS UNDER THREAT

 

Plans for new wind farms to help the UK to meet its renewable energy targets are under threat because of the credit crunch.

Centrica, which owns British Gas, said it is now looking again at proposals for three new farms which it had planned in addition to those off the east coast of England which are due to be in full production by the end of this year.

At the moment, a wind farm can cost up to £3 billion per gigawatt of capacity to build – compared with a gas-fired power station at only £600 million and the cost of a wind farm is even more per gigawatt than a nuclear plant.

Susan