By way of exemplifying our recent comments that RWE might be occupying the bed nearest the door (click on the RWE link in the labels below), they've followed their sale of a portfolio of 770,000 customer accounts by withdrawing from the much vaunted Atlantic Array offshore wind project. The feathered inhabitants of Lundy Island will be much relieved by this non-development.
At 1.2 GW capacity* from 240 turbines, this leaves a serious gap in DECC's hoped-for renewables fleet. I suppose they can try passing round the hat in the far east again. I'm sure they'll find that headlines like 'Miliband declares 20-month energy price freeze'** are helpful in this cause.
UPDATE: RWE in UK to axe 1,500 jobs.
* Recall, however, that Teesside Power alone (gas-fired, of course) was rated at 1.875 GW, and was built in just 2 years. By way of an update to my earlier post that it was due to close shortly, I can report (with a tear in my eye) that the bulldozers came on site this week. The plant has been sold for scrap (sic). It is gone.
** Yesterday I attended a learned seminar on energy policy with an expert panel of all sorts: greens, investors, financiers, climate scientists. Gratifyingly, every single one declared that Miliband was off his head, and deeply dishonest to boot. It may yet be the policy screw-up I immediately assumed it would be