Deals
Wind-Power Projects May Stall on U.K. Grid Regulation
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A U.K. plan to install more than 8,000 offshore wind turbines by 2020 may be delayed by a government plan to contract out work to connect the wind farms to the grid, according to Centrica Plc and E.ON AG.
Regulator Ofgem has said allowing competitive bids would attract investors to the industry and curb the 15 billion-pound ($23 billion) cost of connecting 33,000 megawatts of capacity over the decade. Wind-power producers contend that awarding the work exclusively to other companies, who may lack expertise in offshore wind, could slow projects.