BT Group Plc, the largest telecom company in Britain, plans to spend US$509 million to build wind turbines across the country and to generate 25% of its power from thenm by 2016.
BT Finance Director Hanif Lalani said to Reuters, “There is a pressing need for industry to cut carbon in ways that makes business sense. “BT has already achieved a 60% reduction in its carbon emissions and is committed to reducing them by 80% by 2016. BT is one of Britain’s largest energy consumers.
BT has plans for 120 turbines on or near land it owns. It plans to raise third-party financing for the 250MW project to avoid having the costs on its own balance sheet.
The company plans to feed the power into the grid and then buy it back at a favorable price. It already buys most of the renewable energy generated in Britain for its annual electric bill of 150 million pounds.
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