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Gargantuan London Array offshore wind farm in doubt as E.ON questions economics
According to the Financial Times, E.ON UK, the British arm of the German energy group, said the viability of its London Array project, a planned 1000 MW wind farm in the Thames estuary, had been called into question by the falling prices of oil, gas and carbon dioxide emissions permits. ...Centrica, the owner of British Gas, estimates that each megawatt of wind power capacity costs about £3m to build: more than the equivalent cost for a nuclear power station.
January 26, 2009
in Power Engineering
The economics of what would be the world's largest offshore wind farm are said to be on a knife-edge, according to the chief executive of one of the companies involved.
According to the Financial Times, E.ON UK, the British arm of the German energy group, said the viability of its London Array project, a planned 1000 MW wind farm in the Thames estuary, had been called into question by the falling prices of oil, gas and carbon dioxide emissions permits.
The government will publish an environmental study on Monday on the feasibility of erecting offshore wind turbines around Britain.... [continue via Web link]
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