LOCATION/TYPE

NEWS HOME

[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


Archive
RSS

Add NWW headlines to your site (click here)

Get weekly updates

WHAT TO DO
when your community is targeted

RSS

RSS feeds and more

Keep Wind Watch online and independent!

Donate via Paypal

Donate via Stripe

Selected Documents

All Documents

Research Links

Alerts

Press Releases

FAQs

Campaign Material

Photos & Graphics

Videos

Allied Groups

Wind Watch is a registered educational charity, founded in 2005.

News Watch Home

Fresh criticism on wind farm buys 

An independent report has raised questions about an enterprise company’s decision to invest in two wind turbine firms that subsequently went bust.

Highlands and Islands Enterprise’s (HIE) put more than £14m into Cambrian Engineering and then Camcal.

PricewaterhouseCoopers said the investment did comply with its internal proceedures, but questioned the effectiveness of the procedures.

HIE said the report showed its decisions were “sound”.

PricewaterhouseCoopers point to Cambrian engineering’s assertion of projected growth in sales from nothing to £32.5m in three years through its work at the Arnish yard in the Western Isles.

They said no evidence was provided to HIE of the company’s assertion it was virtually certain to win the contract to build all 300 turbines for a proposed giant wind farm on Lewis.

PricewaterhouseCoopers also questioned whether Cambrian’s management had the right skills or understanding of the renewable energy market.

They said HIE’s interrogation of the company’s proposals could have been better researched and more rigorous.

Donnie Macaulay, of HIE, said: “This report essentially acknowledges the difficult market conditions of this potentially lucrative industry.

“However it also confirms our confidence that we are working in the right way and in the right arenas to get the most benefit out of this very valuable asset at Arnish.”

BBC News

bbc.co.uk

23 May 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
   Donate via Paypal
(via Paypal)
Donate via Stripe
(via Stripe)

Share:

e-mail X FB LI TG TG Share


News Watch Home

Get the Facts
CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

 Follow:

Wind Watch on X Wind Watch on Facebook

Wind Watch on Linked In Wind Watch on Mastodon