Experts say Ed Miliband’s £1.1bn for new offshore wind projects not enough

One energy industry source says they expected an annual budget as high as £2bn to meet UK’s green energy targetsThe energy secretary, Ed Miliband, has set aside £1.1bn a year for offshore wind power developers investing in new projects in a funding round seen by some in the industry as too small to meet the UK’s green electricity targets.The government’s energy department said today it had budgeted £900m to pay developers of fixed wind turbines at sea and £180m for floating platforms. Continue reading...