UK government pledges £100 billion for offshore wind projects

UK prime minister Gordon Brown has announced a £100 billion (US$159 billion) government funding plan for the construction of nine offshore wind farms in Britain.

The proposed wind farm projects are part of the Crown Estate's third round of offshore wind farm leasing for 25GW of generation capacity. "This is a positive step forward for the UK because these projects are not just hugely expensive and require a significant amount of capital but, given their size and the technical challenges faced in