Do More With Reuters
Partner Services

UK removes barrier to add 25 GW of offshore wind

Wed Jun 24, 2009 10:30pm IST
 
Email | Print | | Single Page
[-] Text [+]

* Offshore farms given go ahead nearer shore

* Tenders announced to build grid for offshore farms

* Offshore grid to cost around 15 billion pounds

By Nao Nakanishi

LONDON, June 24 (Reuters) - Britain's hundreds of offshore wind turbines can be closer to shore as the government has decided against creating a buffer zone in its attempt to meet its ambitious target for carbon emission cut targets.

Lord Hunt, Minister of State at the Department of Energy and Climate Change (DECC), said on Wednesday it would allow 25 gigawatts (GW) -- the equivalent of a third of UK's generation capacity -- of offshore wind to be added in England and Wales.

It has overturned a recommendation for creating a buffer zone in its territorial waters, which would have pushed wind farms more than 12 miles away from the shore.

"We can build in waters nearer to the shore. That's extremely important for us," said Maria McCaffery, chief executive at the British Wind and Energy Association (BWEA).  Continued...

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India.  Full Coverage 

Hoardings alongside Nakheel's Waterfront construction site at Jebel Ali in Dubai November 26, 2009.  REUTERS/Steve Crisp
Dubai Debt Fears

Dubai struggled to ease fears of debt default after its move to delay repayments at two flagship firms shook confidence in the Middle East.  Full Article 

People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

road to Copenhagen

BLOGS

Photo
Calculated Move

Reliance aims big with $12 bln bid for LyondellBasell.  Blog 

SHOWCASE

Capital Raising
Capital Raising

Analysis - China banks' rush for billions could trip markets.  Full Article 

 
Photo
Bonus Payout

"Bonus" has become a dirty word on Wall Street.  Full Article 

 
Bubble trouble?
Bubble trouble?

With the BSE Sensex at around 17,000 points, are the Indian equity markets looking at a possible bubble?   Commentary 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Recovery Path
Recovery Path

Indian techie logging out of downturn gloom.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
Risky Proposal
Risky Proposal

Rupert Murdoch courts trouble if he blocks Google on news.  Full Article