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U.K. Shelves Tidal Energy Proposal, Saying Wind, Nuclear Cheaper
2010-10-18 09:12:24.962 GMT
By Reed Landberg
Oct. 18 (Bloomberg) -- The U.K. government said it decided
not to move ahead with offering subsidies for tidal energy
projects on the Severn River, saying generating energy from wind
and nuclear power represent better value for money.
Energy Secretary Chris Huhne disclosed the decision in a
written statement to Parliament posted on his department's
website in London today.
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To contact the editor responsible for this story:
Reed Landberg at +44-20-7330-7862 or
landberg@bloomberg.net
