LONDON (Reuters) -British energy supplier OVO Energy said on Thursday it plans to launch a new renewable energy arm to help modernise existing ageing onshore wind farms to prolong their lifespan and boost output.
OVO Renewables will have an initial investment of hundreds of millions of pounds and the first phase of modernisation could delver up to 500 megawatts of capacity, enough to power about 400,000 British homes, OVO said in a statement.
Britain built some of the world’s first onshore wind farms in the 1990s but many are ageing. New wind farms are often not accepted by local communities and also face planning consent delays.
OVO Energy is one of the largest energy suppliers in Britain and supplies gas and electricity to about 4.5 million customers.
(Reporting by Nina Chestney; Editing by Clarence Fernandez)
