Rising costs 'threaten green agenda'

The head of Centrica's renewables division has warned that the economics of the industry have changed radically and government targets for powering Britain on "green" electricity face being blown off course.

Centrica is already building the world's largest offshore wind farm at a cost of £300m, and is planning another £600m project which, it says, has risen in cost by £100m in just a few months.

News that the country's biggest backer of wind farms is voicing concern about funding will alarm the Government, which sees this energy source as key to meetings its commitments to reduce carbon emissions.

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