News
Failed energy trio make windfarm killing
A major new £500m windfarm in the Thames Estuary is set to make a fortune for its owners - just six years after they were involved in the spectacular collapse of Independent Energy that left investors, lenders and creditors hundreds of millions of pounds out of pocket.
December 22, 2006
by Robert Lea, Evening Standard
in This is Money
A major new £500m windfarm in the Thames Estuary is set to make a fortune for its owners - just six years after they were involved in the spectacular collapse of Independent Energy that left investors, lenders and creditors hundreds of millions of pounds out of pocket.
Warwick Energy has been given the go-ahead by the Department of Trade and Industry to develop a 100-turbine wind farm seven miles off Thanet on the Kent coast.
When it comes into commission in 18 months, it will, at 300 megawatts be the largest British offshore windfarm. The project, capable of producing enough... [continue via Web link]
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