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We still don’t know when wind power will break even, admits energy minister
Credit: By Daily Mail Reporter, www.mailonsunday.co.uk 9 February 2011 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
Ministers still do not know when wind power will pay for itself, the Government admitted tonight.
Energy Minister Charles Hendry told MPs governments had spent £2.2 billion supporting wind power over eight years – and it was impossible to predict when the energy source would prove profitable without grants.
He said: ‘We expect that over time we will be able to reduce support for wind power and other renewable energy technologies as they become more economic, but it is not possible to put a specific timescale on this.’
Mr Hendry said it depended on factors including the cost of erecting turbines, future wholesale electricity prices and the cost of alternative power supplies.
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