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True Colours: Wind Developers abandoning plans for new turbines because it’s “no longer financially viable.”

Robert Mendick — The Telegraph (UK) — March 2, 2014

Developers are abandoning plans for new wind farms in Britain because they are “no longer financially viable”.

The decision to scrap the wind farms is the first evidence that the spread of turbines across the country is being halted. It follows a radical overhaul by the Government of the consumer subsidy, worth more than £1 billion a year to wind farm owners.

Under the subsidy, wind farms are guaranteed to receive double the wholesale price for the electricity they produce. Under the new scheme, to be introduced later this year, companies will have to sell their electricity to the national grid under a competitive bidding system.

The new scheme will limit the total amount of subsidies available for green energy; previously the subsidy budget was effectively limitless.

The change has led to developers scrapping wind farm schemes amid claims that the new system will make future wind farms unprofitable.  Continue reading here…..

uk windfarm

UK Wind facility

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2 Comments on “True Colours: Wind Developers abandoning plans for new turbines because it’s “no longer financially viable.””

  1. cornwallwindwatch March 2, 2014 at 8:19 am #

    Reblogged this on Cornwall Wind Watch.

  2. 1957chev March 2, 2014 at 10:32 am #

    As I have said before…..shut off the money taps, and the windweasels will shrivel up, and slither away! LOL!!

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