BLOOMBERG – U.K. offshore wind power developers need 30 billion pounds ($46 billion) of financing to build the turbines required to help the nation reach its renewable energy objectives by 2020, PricewaterhouseCoopers said. Sea-based wind farms play a “make-or-break” role in the U.K.’s goal to derive 15 percent of energy from renewables by 2020, the global accounting firm said today in a report. A total of 12 gigawatts of offshore wind capacity is needed by then, and just 0.3 gigawatts was installed last year, PWC said. Read More
