Wind power boosted by £1bn in new loans

The government will today demonstrate its willingness to exert influence over Royal Bank of Scotland and Lloyds Banking Group by announcing £1bn of lending to wind farm developers whose schemes have been becalmed by a lack of cash.

The initiative comes as Greenpeace unveils new figures showing that local councils run by the Conservative party block more than three times as many wind farms as they approve. Labour-controlled councils meanwhile approved marginally more projects than they turned down between December 2005 and November 2008, according to the campaign group.