Wind power firms threaten to sue government over rumoured subsidy cuts
According to various reports, the Treasury has been demanding a 25 per cent cut to the subsidies, following pressure from Conservative backbenchers who are mounting an increasingly vocal campaign against wind farms and renewable energy subsidies.
July 5, 2012
by Jessica Shankleman
in Business Green
RenewableUK warns deep cuts to Renewable Obligation Certificate banding could breach Electricity Act
Wind energy companies have warned they could sue the government if it imposes drastic cuts to subsidies that derail the expansion of the renewable energy industry.
The Department of Energy and Climate Change (DECC) is later this month expected to confirm cuts to subsidies offered to large-scale renewable energy developers in the form of Renewable Obligation Certificates (ROCs).
DECC's consultation document proposed a 10 per cent cut in the level of ROCs available for onshore wind farms from 1 ROC per Megawatt hour (MWh) currently to 0.9 ROCs/MWh from... [continue via Web link]