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 4/10 Good --- feeds.greenoptions.com http://feeds.greenoptions.com/GreenOptions
| Green Options is your one stop shop for enivronmental education, resources, and discussion. Our team of writers deliver tons of fresh original environmental content everyday. ... |
Tuesday, July 22, 2008 --- 47 days ago http://feeds.greenoptions.com/~r/GreenOptions/~3/342270156/
 The world’s biggest offshore wind farm was revived yesterday when German-based energy group E.ON and the Danish utility Dong Energy agreed to acquire Shell’s 33% stake in the 1,000-megawatt London Array. The two firms, which each own a one-third stake in the project will now become 50-50 partners by buying out Shell, the former third partner. Shell decided to withdraw from the London Array project back in May after a strategic review indicated that the project would not bring sufficient rates of return on the investment. Industry-wide cost inflation has raised the cost of the project to more than £2.5bn ($5 billion U.S.), well above the original estimates of £1.5bn three years ago. The purchase came as a major relief for a British government that is lagging behind the pace it needs to keep for its renewable energy targets of 15% by 2020. The news also came on the day the biggest onshore wind farm in Europe - planned for Scotland - was given final approval. There are currently 176 wind energy projects that would produce 2,546 megawatts currently in the planning stages across the UK - enough to supply electricity to 1.4 British homes ( British Wind Energy Association ). After much political opposition to the aesthetics of wind farms in the UK, is it safe to say there has been a significant shift in how British perceive the wind farms? Or is it out of economic rationality and political necessity that there is a push to expand the Bri ... |
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