Financial Times FT.com

Bonanza for old wind farms as bottlenecks hit new turbines

By Fiona Harvey and Rebecca Bream in London

Published: February 4 2008 02:00 | Last updated: February 4 2008 02:00

The large subsidies paid by British electricity consumers to fund the drive towards wind power are generating sizeable profits for existing wind farm owners without producing many new turbines.

The UK needs a massive expansion of wind energy to meet government climate change targets, and the amount of subsidy paid to renewable electricity generators through consumers' electricity bills will rise from more than £600m ($1.2bn, €800m) a year to £3bn a year by 2020.

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