Articles filed under General from Europe

No pension money for wind farms

Asset manager APG, the Netherlands biggest pension fund manager, will not invest in wind farms ...wind turbine technology is too new and government subsidies too uncertain to achieve the necessary return on any investment.
13 Jun 2014

SGS shuts low-carbon project auditing business

Geneva-headquartered SGS, the second major auditor to pull out of the United Nations' Clean Development Mechanism (CDM) this year, will also surrender its accreditation under the carbon trading programme. "SGS' decision reflects the continuing contraction in the CDM market and its continuing concerns with the costs and risks associated with the CDM accreditation process."
12 Jun 2014

Wind farm expansion will see more factories paid to switch off

Thousands of wind turbines are being built around the country but the power they produce is intermittent. This has forced the National Grid to find alternative ways of keeping the lights on when wind levels are not high enough to meet power demand. ...the measures to cut demand would become commonplace in the longer-term, as Britain builds more intermittent renewable energy sources.
10 Jun 2014

Battle lines drawn over Melton Airfield windfarm

But campaign group Support Melton Against Rural Turbines (SMART) has dismissed the developer’s proposed payment as ‘derisory’, claiming the wind farm would blight the landscape for years to come. It is concerned about the windfarm’s impact on the countryside, on settings of important heritage assets including at Burrough-on-the-Hill and its impact on efforts to establish Melton as a tourist centre.
22 May 2014

Vestas scandal continues to widen

The Danish financial crimes office’s 18-month investigation into a former Vestas head of finance, Henrik Nørremark, has taken a dramatic turn and has been expanded to include a number of other former Vestas bosses.
8 May 2014

Anger over Navitus Bay payment offers

The developer behind the controversial Navitus Bay wind farm has offered payments to marine companies, the Daily Echo can exclusively reveal. Navitus Bay Development Ltd has denied that it is an attempt to win favour with firms, insisting that it is “standard good practice”.
5 May 2014
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