Rising costs threaten green agenda
From www.telegraph.co.uk/
By Russell Hotten
[News that the country's biggest backer of wind farms is voicing concern about funding will alarm the Government, which sees this energy source as key to meetings its commitments to reduce carbon emissions.
Sarwjit Sambhi, Centrica's director of power generation and renewables, said there are some "strong headwinds - financial, in the supply chain and skill shortages".
He added: "We will have to bring in investment and trade partners on future projects. The balance sheets of the utilities cannot absorb all the increased costs."
His comments will be seen as an open invitation to infrastructure funds and finance houses to come and talk about partnering Centrica on a variety of alternative energy projects. Mr Sambhi would not discuss rumours that Centrica is in discussions with Riverstone, the private equity firm that has employed ex-BP chief Lord Browne to look at alternative energy investments.
Centrica is considering plans for several wind farms, to be built by 2015, at a current estimated cost of £3bn. But it is worried about how it can plan for long-term investments that could spiral out of control.]
It appears as if nothing will improve the state of crises, a situation in which things are very uncertain, especially a time when action must be taken, unless the financial industry is willing to accept strict regulations, a cop of sorts , to plug the greed.






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