Britain's booming wind farm industry is grinding to a halt because a lucrative tax break in America is fuelling massive demand for new wind installations across the Atlantic.
Articles filed under Taxes & Subsidies from Europe
E.ON UK has delayed construction on two of its 100MW offshore wind farms, stating the schemes are not financially viable. This is a problem for the company, as it needs renewable power assets to meet its renewables obligation. For offshore wind as a whole this is a major blow, as it suggests that the renewables obligation is not providing enough of a subsidy to cover the economics of new farms.
TALLINN - Wind power has fallen out of Estonia’s favor in recent months, with the Economy Ministry deciding to limit support to wind-power producers and Parliament adopting amendments to the energy law that will give preference to other forms of renewable energy. Einari Kisel, head of the Ministry of Economy and Communications’ energy department, puts it bluntly: “We do not want to have too many wind mills,” he says. “The price of wind energy is expensive. The unstable production causes additional costs to other producers.”