Centrica reviewing offshore wind plans as cost fears mount

clock • 3 min read

Industry insists outlook remains upbeat, but credit crunch and rising construction bills are prompting growing numbers of developers to review projects

Concerns were raised over the financial viability of UK offshore wind projects at the weekend, as it emerged that Centrica was reviewing the economic case for 1,000MW of planned turbine construction and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Fossil fuels enter 'period of stagnation' following record renewables growth

Study: Fossil fuels enter 'period of stagnation' following record renewables growth

Report anticipates no growth in fossil power expected in 2025 as clean power growth meets all new demand in first three quarters of the year

clock 13 November 2025 • 5 min read
'An energy revolution is underway': How renewables and electrification are pushing fossil fuel growth to the sidelines

'An energy revolution is underway': How renewables and electrification are pushing fossil fuel growth to the sidelines

In the face of multiplying geopolitical and energy security risks, the global economy is increasingly switching to electricity and renewables, according to the latest IEA report

Michael Holder
clock 12 November 2025 • 8 min read
Cory gets green light for 'UK's largest' waste-to-energy with CCS project

Cory gets green light for 'UK's largest' waste-to-energy with CCS project

Government grants planning permission for landmark project at Cory's Riverside energy from waste facilities

Stuart Stone
clock 12 November 2025 • 3 min read