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Lex: Britain's £100bn bet on wind energy
Sixteen companies including many of Europe's leading energy groups have been awarded licences to develop wind farms off the coast of Britain, launching a huge expansion of the country's offshore wind industry. The £100bn investment programme, which would make the UK by far the world leader for offshore wind, is of a comparable scale to the opening of the North Sea to oil and gas production in the 1970s. Luke Templeman analyses the economics of wind power.