Plans to build more wind farms are ‘deluded’, one of Britain’s biggest investors warned the Government.
Dr Nigel Wilson, chief executive of insurance giant Legal & General, said the controversial green energy strategy will carpet the countryside with ‘ugly modern windmills’ and result in even higher bills for hard-pressed consumers.
Wilson yesterday confirmed plans to invest more than £1billion a year on infrastructure projects including homes, roads, and airports.
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But he said he would not put a single penny into wind farms because they are too ‘inefficient’ and ‘expensive’.
In an outspoken attack, Wilson said: ‘The Government is deluding itself that it is saving the world by building these ugly modern windmills.
‘This is a very expensive and inefficient way of producing electricity. I fear we will end up having to import it from elsewhere.’
He added: ‘It is sad that normal people are having to pay even more for the government’s inefficient energy strategy, on top of their already very expensive energy bills.’