Centrica to exit wind energy

• 8 years ago (2015-07-30)

Europe 1061 Renewables 752

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Centrica said: “In wind power generation, with total operational capacity of only 245 megawatts and no existing potential developments in the pipeline, we plan to dispose of our interests, continuing to participate to a limited degree through power purchase agreements,”

Centrica owns half of the Lincs offshore (270 MW), Lynn offshore (97 MW), Inner Dowsing offshore (97 MW) and the onshore Glens of Foudland (26 MW) wind farms. The UK government announced last month it will end the subsidy programme for onshore windfarms.

This latest move follows Centrica’s announcement that it will shed 6000 jobs after a big six-month review.