Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-07-Speech-4-031-000"
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"en.20110407.3.4-031-000"2
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"Mr President, the EIB is providing up to EUR 1 billion for the construction of wind turbines and other renewable energy projects in the UK. While this fits neatly within the strategy to fight climate change, I am alarmed that the current criteria governing EIB funding lack transparency and accountability when it comes to the examination and due diligence of these projects. EUR 6 billion has been provided for wind farm developments across the EU, according to Mr Maystadt, but the EIB simply accepts the applications for funding from the governments concerned without scrutiny. I do not think that is good enough.
Renewable energy companies in the UK claim that their turbines have a load factor of 30%. In fact, over the whole of last year, their load factor was only 21%. They do not work when the weather is coldest and demand for electricity is at its peak. They are not economically viable and they will double or treble electricity prices for consumers while failing to cut CO
emissions. This is an unfolding financial scandal, and the EIB should stop funding wind energy."@en1
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"2"1
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