Corporate welfare for Denmark!
Yet another example of the Government throwing money away..
This renewables scam really needs to be stopped.
Torygraph
The world's biggest offshore wind farm is to be built 75 miles off the coast of Grimsby, at an estimated cost to energy bill-payers of at least £4.2 billion.
The giant Hornsea Project One wind farm will consist of 174 turbines, each 623ft tall - higher than the Gherkin building in London - and will span an area more than five times the size of Hull.
Developer Dong Energy, which is majority-owned by the Danish state, said it had taken a final decision to proceed with the 1.2 gigawatt project that would be capable of powering one million homes and create 2,000 jobs during construction. First electricity from the project is expected to be generated in 2019 and the wind farm should be fully operational by 2020.
The wind farm was handed a subsidy contract by former energy secretary Ed Davey in 2014 that will see it paid four times the current market price of power for every unit of electricity it generates for 15 years.
This renewables scam really needs to be stopped.
Torygraph
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Comments
Privatising energy has left us at the mercy of big business. Osborne had to promise EDF a profit to build a nuke power plant, and now their having difficulty raising the money to build it, which has led to Hitachi reconsidering their decision to take part. The trees planted by Thatcher, Major, Blair and Brown are now bearing fruit, and it's rotten!
Sounds like we're being screwed again.
A Nationalised Energy company would make renewables more efficient? - does the wind blow more regularly over nationalised wind farms?