25 Jun '14, 1pm

Many Describing UK Wind Energy Cuts as Unsettling

The concerns aren’t limited to renewable power generation, said Piers Guy, head of U.K. wind development for the Swedish utility. It’s putting at risk how companies assess investment in all infrastructure, he said. The government says Britain has a pipeline of 646 infrastructure projects stretching beyond 2020 and totaling more than 375 billion pounds ($632 billion). “Companies like Vattenfall that are making investments across the piece in onshore and offshore wind are the same people who make investment decisions across all infrastructure projects,” Guy said in an interview. Investment committees “tend just to lump it all together and call it political and country risk.” The comments indicate the growing concern of businesses after the government backtracked on support for wind energy. Cameron, who took office in 2010 pledging to lead the greenest ever government, now is...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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