Developer halts onshore wind farm due to rising costs and windfall tax – FT

One of Britain’s largest onshore wind developers has said it is halting development of
its biggest project to date due to rising costs and the government’s windfall tax on
green power.
Community Windpower won planning permission in August for a new wind farm in
southern Scotland capable of producing enough electricity to power about 350,000
homes — making it the fourth-largest onshore wind project in the UK.
However, the Cheshire-based company said an 80 per cent surge in the Sanquhar II
project’s development costs, from £300mn to £550mn, over the past two years,
combined with a new tax on clean electricity generators, meant it was not possible to

https://www.ft.com/content/bb76a4c0-0b5d-4b18-8387-2143e4f1e064