Thursday, July 31, 2014

Centrica withdraws from Irish sea offshore windfarm plan

#Energy

British Gas owner confirms £40m write-down from Celtic Array project in partnership with Dong Energy, reports BusinessGreen


The UKs offshore wind industry suffered a fresh setback on Thursday, after Centrica and Dong Energy confirmed they have shelved plans for the giant Celtic Array offshore wind farm in the Irish Sea.


Announcing the news in its interim results, Centrica said the project had proved uneconomic and would lead to a write-down of around £40m.


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