£30 billion needed for UK offshore wind farms

The UK’s offshore wind power developers need £30 billion pounds if the UK is to meet its renewable energy targets by 2020.

That’s according to Price Waterhouse Coopers – global accountancy firm in an article by Bloomberg.

It cites the figure of 12 gigawatts of generating capacity being required by 2020 compared with just 0.3 gigawatts installed last year.

I don’t think cookie sales are going to help on this one but Price Waterhouse Coopers global energy advisor, thankfully, has other ideas on how the money could be raised.

Click here to read the full article.

photo credit: chovee

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