News

July 27, 2010

Poweralternatives: SeaEnergy Acquires Value Through Its Stakes In Three Large Offshore Wind Farms

By Stewart Dalby

Broker Nomura Code Securities has written an exhaustive and exhausting paper on its client SeaEnergy PLC in the wider context of wind power in the UK. A central finding of Nomura is that there is a looming 23 GW energy capacity shortfall in the UK which only nuclear and wind power particularly offshore wind power can fill.

What? wind power, I hear you say. Has not wind power become discredited, if not by our governments then by scientific opinion and self appointed media experts as a panacea for the UK’s energy problems.

The Investors Chronicle, drawing heavily on www.withouthotair.com, the website of a book of the same name by a Cambridge University physics professor David Mackay, published an article which was critical of the UK’s last Labour government’s initiative...