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Sunday, 28 June 2015

Vattenfall warns onshore wind farms need subsidies for another year

Magnus Hall, Chief Executive of Vattenfall said "You need time before you produce wind power without subsidies. 

Mr Hall warned that wind farms may have to rely on the taxpayer for another decade. “It’s obvious to me that costs should come down for new investments, because all consumers and governments want cheaper electricity" he said. “We’re committed to doing that, but you also need time before you can produce or invest in wind power totally without subsidies.”

Source: The Scotsman

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