Offshore wind - The façade begins to crumble?
Big news yesterday. Shell have pulled out of the London Array – the world’s largest offshore windfarm proposal. Bit of a shock to the well-spun world of offshore wind. As is the reason - that it doesn’t stack up financially. Shell, bless em, with record first quarter profits of £3.9 billion - you’d think they could afford a few windmills. Actually what they’re saying is they can’t make enough money out of it. Profit before planet of course. (more…)
