Electricity Generator Levy: New UK renewables projects to be exempt
Meanwhile capital allowances on investments — a form of tax relief designed to ease upfront costs — will remain in place, in a boon to renewables developers.
electricity generator levy (EGL)
Autumn Statement: Energy leaders seek fix for ‘uninvestible’ North Sea
While support for new North Sea oil and gas has been welcomed, the energy sector has called for a drop in windfall taxes and greater incentives for low-carbon investment ahead of the Chancellor’s impending budget.
Scottish windfarm ‘ground to a halt’ due to renewables windfall tax
Community Windpower's 44-turbine Sanquhar II wind farm has "ground to a halt" due to the rising fees put in place by the incoming renewables windfall tax.
Giant Hornsea Three wind farm at risk without tax breaks
Orsted (CPH: ORSTED), the developer behind the giant Hornsea Three windfarm, has said the £8bn development is at risk without tax breaks.
UK green energy sector ‘in the balance’ with ‘multi-billion pound’ projects at risk
Westminster’s intervention in the electricity market risks “mothballing a series of multi-billion pound” green energy projects, a major investor has warned.
Wind firm to take UK Govt to court over ‘smash and grab raid’ on electricity generators
A major investor in UK wind energy plans to take the government to court over its “smash and grab raid” on renewables generators.
BIES says it had a green Christmas
The Department for Business, Energy and Industrial Strategy (BEIS) says it was dreaming of a green Christmas this year as the 25th of December 2022 has been dubbed "the greenest yet."
Millions of pounds of green investment at risk due to generator windfall tax, says trade body
It is feared millions of pounds worth of renewables investments are at risk as a result of the controversial electricity generator levy (EGL).