28 Feb '12, 12am

Ernst & Young: Green energy investors turned on to UK opportunity

Advancing plans for a fleet of large offshore wind projects have seen the UK rise to fifth on a list of the world's most attractive countries for renewable energy investors, providing a timely boost to the government's green agenda. Plans for the world's largest wind farm, a £4.5bn, 1,500MW development 13 miles off the coast of Caithness in Scotland, as well as the award of a £150m European Investment Bank loan to wind farm developer Vattenfall to support the extension of the existing Thanet offshore wind farm were cited as the main drivers behind Ernst & Young's decision to move the UK up one place in its quarterly Country Attractiveness Index report. FURTHER READING Wind energy companies fear government's commitment is cooling UK edges closer to first CCS plant, as Davey pledges support The UK rose to fifth on the list, moving it above Italy which drops to sixth on the l...

Full article: http://www.businessgreen.com/bg/news/2155458/ernst-green-...

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