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Ed Miliband says £1.1bn a year to be set aside for new offshore wind projects

Final budget could rise if ministers see value for money, as industry lobby group says investment not enoughThe energy secretary, Ed Miliband, has set aside £1.1bn a year for offshore wind power developers investing in new projects, in the latest funding round aimed at meeting the UK’s green electricity targets.The government’s energy department said today it had budgeted £900m to pay developers of fixed wind turbines at sea, with another £180m for floating platforms. Continue reading...

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