Improving viability of renewable energy beckons petroleum firms' investment

12/13/1999
Wind farms typically comprise about 20 turbines spread over 3-4 sq km. While only 1% of the land is used for the turbines, thereby allowing farming to take place, as here at Carland Cross wind farm in Cornwall, UK, detractors question the suitability of wind farms on the grounds of noise and visual impact. Photo courtesy of the British Wind Energy Association.Click here to enlarge imageThe forward-looking sector of the energy industry is no longer asking whether renewable energy will prove viable but when it will make money without government concessions.In the petroleum sector, Royal Dutch/Shell and BP Amoco PLC are building renewable energy businesses with a view to the long term, whi...
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