(Bloomberg) — Banks Renewables Ltd., a U.K developer of
wind farms, plans to start work on a 14 million-pound ($21
million) project in northern England next month.
Banks Renewables plans to start preparing the site in Leeds
for construction, with the project expected to start working
before the end of the year, it said Wednesday in an e-mailed
statement. The Hook Moor wind farm will comprise five turbines,
it said.
At about $82 per-megawatt-hour, power from onshore wind
farms is currently cheaper than electricity from coal, which
costs about $90.7 a megawatt-hour, according to data compiled by
Bloomberg.
To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net
To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Tony Barrett