Renewables immune

David Knott London In previous periods of sustained low oil prices, the drift to power generation using alternate fuels has been slowed by the cheapness of oil. In Europe this time around, however, with oil prices at their lowest in at least 12 years and expected to remain low, oil field developments are being stalled-yet there is no apparent slowdown in the rise of renewables. Alan Weekes, environmental engineer at Arbre Ltd., Leeds, puts the reasons for this in the U.K. quite bluntly: "If you hold an NFFO contract, you are insulated from changing prices." The U.K. Non-Fossil Fuel Obligation (NFFO) policy requires electricit...

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