Friday, May 9, 2008

Rising costs threaten UK wind farm programme

From the Telegraph:

The UK won't meets it targets on renewable energy if offshore wind farm costs continue to spiral, the government has been warned.

Centrica said the chance of making any money from wind farms being set up around the British coast were now only slim.

Rising prices for raw materials, particularly steel and copper, had pushed up the prices being demanded by the handful of companies who make the giant turbines for the offshore fields....MORE