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Energy Giants Shun Wind Power
……..Iberdrola, a big investor in wind farms in Spain and the owner of Scottish Power, is slashing its spending on renewables by 40 per cent. Shell said recently it would no longer invest in wind turbines, preferring to focus its efforts on new biofuel technology, while BP has opted out of the UK renewables market, deeming it to be a poor bet….
……..The performance of Britain’s turbines is a case in point – for much of January they were operating at about 10 per cent of capacity.
That should be no surprise, given that periods of severe cold (or heat) coincide with lack of wind, but it doesn’t help when a utility is trying to deliver power into the grid, not to mention returns to its shareholders……
The Times: ‘Green energy is not such a breeze’