U.K. Labour Price Cap Risks Offshore Wind Investment, SSE Says
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A U.K. opposition Labour Party plan to cap energy bills if it wins the 2015 election risks delaying investments in offshore wind before the vote, SSE Plc said.
“Although we are continuing to develop offshore wind projects, it’s now also becoming increasingly hard to see how a final decision on investment in new offshore wind capacity could be made before the 2015 election,” spokesman Justyn Smith said.