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What the papers say - FINANCIAL TIMES

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Transport secretary Alistair Darling met London business leaders last week to reaffirm the government's commitment to Crossrail. The meeting followed Darling's announcement that funding decisions on the £10bn rail link would be delayed until 2006. Darling has said he wishes to take into account Sir Michael Lyons' report on local government finance first.

Renewable Energy Holdings (REH) has bought its first wind farm, Windpark in Germany, from EDF Energies Nouvelles for £33M. Most of the 32.5MW turbines will be operational from November.

German electricity company RWE has agreed to buy all the energy from the farm for the next 20 years. A deal by REH to develop a wind farm on the North Atlantic coast of Ireland is expected by the end of the year.

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