Carbon Commentary » investments http://www.carboncommentary.com A critical appraisal of issues in the move to a low-carbon economy Mon, 05 May 2008 15:54:13 +0000 http://wordpress.org/?v=2.3.3 en A public share offer is the right way to fund the gap in the financing of the London Array* http://www.carboncommentary.com/2008/05/05/84 http://www.carboncommentary.com/2008/05/05/84#comments Mon, 05 May 2008 15:29:21 +0000 Chris Goodall http://www.carboncommentary.com/2008/05/05/84 Offshore location map of the London Array Offshore location map of the London Array. Click on the image to see a more detailed map from the London Array website (opens as a PDF). Shell backed out of its commitment to provide the financing for one third of the world’s largest offshore wind farm off the Kent coast. The London Array, expected to cost about £2bn, now needs to find a new investor. What about tapping the public? The project has reasonable economics, and private individuals could benefit from 40% tax relief by putting shareholdings into pension plans. Perhaps as importantly, such a move would raise understanding of renewable energy generation among the wider community.]]> Offshore location map of the London Array Offshore location map of the London Array. Click on the image to see a more detailed map from the London Array website (opens as a PDF).

Shell backed out of its commitment to provide the financing for one third of the world’s largest offshore wind farm off the Kent coast. The London Array, expected to cost about £2bn, now needs to find a new investor. What about tapping the public? The project has reasonable economics, and private individuals could benefit from 40% tax relief by putting shareholdings into pension plans. Perhaps as importantly, such a move would raise understanding of renewable energy generation among the wider community.

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