Good News

The true cost of the onshore wind subsidy

Posted in: Energy news

Posted on: 18.06.2015

We hear a lot about the subsidy for onshore wind and hope that the graph above puts that cost into perspective.

At a vital time in international climate change negotiations, and just one day after more than 1,000 people descended on Parliament to lobby MPs about climate change, we’re very disappointed that the new government has just announced plans to reduce support for the cheapest large-scale renewable energy – onshore wind.

By closing the Renewables Obligation early, the government is letting a vocal minority dictate energy policy. The government should be providing solid, stable support for renewable energy which helps tackle the threat of climate change and challenges the dominance of old fashioned fossil fuels.

The decision has been framed around keeping energy bills low but today’s news will undermine growth, investment and jobs in a sector which is helping to introduce more competition and new players into the energy market.

Onshore wind developers, including many British companies, have invested millions of pounds in good faith based on the government’s original timetable. This decision will bring further instability and uncertainty to investors and is transactional government at its worst.

 

We hear a lot about the subsidy for onshore wind and hope that the graph above puts that cost into perspective.

At a vital time in international climate change negotiations, and just one day after more than 1,000 people descended on Parliament to lobby MPs about climate change, we’re very disappointed that the new government has just announced plans to reduce support for the cheapest large-scale renewable energy – onshore wind.

By closing the Renewables Obligation early, the government is letting a vocal minority dictate energy policy. The government should be providing solid, stable support for renewable energy which helps tackle the threat of climate change and challenges the dominance of old fashioned fossil fuels.

The decision has been framed around keeping energy bills low but today’s news will undermine growth, investment and jobs in a sector which is helping to introduce more competition and new players into the energy market.

Onshore wind developers, including many British companies, have invested millions of pounds in good faith based on the government’s original timetable. This decision will bring further instability and uncertainty to investors and is transactional government at its worst.

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