Homeowners looking to switch gas and electricity companies may be pleased that Scottish & Southern Energy (SSE) has bought a stake in a new wind farm project, although the development could result in delays elsewhere.
The firm has acquired a 25.1 per cent stake in the Walney Wind Farm Project near the Isle of Walney at a cost of nearly £40 million to Dong Energy, but the company's commitment could mean other projects it is involved with become subject to delay, reports the Scotsman.
SSE has 30 wind farm projects in development, but will need to contribute £250 million to the Walney project, which will account for much of the firm's investment capital between now and 2013.
Ian Marchant, chief executive of SSE, said: "The potential for harnessing the energy of the wind off the coast of the UK is vast and the combination of Walney and Greater Gabbard gives us a very good offshore wind construction portfolio for the next few years."
Offshore wind farms are often more popular than onshore developments as they are more remote and have a far reduced visual impact on the landscape.
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