British Energy, the company that operates the UK’s eight largest nuclear power stations, is looking to develop renewable energy projects.
With no prospect of building further nuclear plants in Britain for the forseeable future, the company will have to diversify into other forms of power generation in an attempt to ensure its long-term future.
British Energy has been considering gas-fired projects, but the Government’s de facto moratorium on such plants has forced it to look at alternatives.
‘I would certainly not rule out the possibility of being involved in renewables,’ said Peter Hollins, British Energy’s chief executive.
While the company did not promote any of the 261 projects approved by the Government this week in the fifth round of the Non-Fossil Fuel Obligation, Hollins said it would be small schemes like these up to about 40MW that would interest the company.
He said larger renewable proposals such as that for offshore wind farms of up to 300MW capacity tended to involve too much up-front capital expenditure.
Green power, page 6