You cannot build an energy system if nobody makes a return in doing so’
Ministers cheered last summer as wind farm developers competed to plant new turbines in UK waters, at ever cheaper rates.
Danish giant Orsted was among the energy giants who agreed to build new wind-farmsthat would generate state-backed revenues well below wholesale prices at the time.
“The more power we generate within our own borders, the better protected we will be from volatile gas prices that are pushing up bills,” Kwasi Kwarteng, then business secretary, said.
Less than a year later, however, and that optimism has all but evaporated, with developers warning that rising costs are making planned new projects unviable. https://www.telegraph.co.uk/…/why-britain-suddenly…/
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