Proposed onshore wind farms that could power more than a
million homes are at risk of not being built because of the tax on
electricity generators, their developer has warned.
Community Windpower said it was prepared to invest £1.5
billion in the three “shovel-ready” projects in Scotland, all of
The electricity generator levy aims to capture excess profits
being made by some low-carbon generators after power prices
soared in the wake of Russia’s invasion of Ukraine. It charges a
45 per cent tax on any market revenues over £75 per megawatt-
hour (MWh) and is due to remain in place until 2028.
Community Windpower has already threatened to bring a legal
challenge against the tax.
The government said Russia’s war on Ukraine had led to
electricity prices “far exceeding historical levels” and the levy
was designed to “make sure generators don’t earn extraordinary
returns in the market, while helping to fund support for
households and businesses with their energy bills”. https://www.thetimes.co.uk/article/energy-tax-makes-wind-power-turbines-unviable-hlshf6gnk?fbclid=IwAR0b0dYpTHwiOdcBHnDkyyo3qTCuv3cyUXvrlWoICNE4RRkqAXOsO67p3oE
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