Perth-headquartered energy firm SSE has warned it will have to reconsider its renewables investments after the UK government’s newly announced 45% windfall tax.
The levy on low carbon electricity generators was unveiled in last week’s Autumn Statement with the aim to raise £14 billion in taxes.
Responding to the levy, SSE CEO Alastair Phillips-Davies said: “SSE has always believed in paying our fair share of tax and think a well-designed levy on extraordinary profits, where they are actually realised, is reasonable.
“We also believe in treating the cause, not just the symptoms of the energy crisis and we look forward to hearing more from government about how it will support the massive investment in homegrown clean energy that this country needs to end our dependence on expensive imported gas and cut bills in the future. https://www.scottishfinancialnews.com/…/sse-may-have-to…