Library filed under Taxes & Subsidies from Europe

Solar subsidies to be cut by half

But consultancy PwC argued that the deep fast cuts proposed by the government were better than the risk of a bubble which would lead to over capacity in the short-term, followed by cuts later, which would mean sharper job losses. "A deep and fast cut in Fits will be required to protect the UK solar industry from stalling or creating a market bubble.
30 Oct 2011

Cuts in wind farm subsidies imminent

The Economic Affairs Ministry says consumers cannot manage to pay the cost of the rapidly growing support, ETV reported, and plans to lower them. The development has come at an inopportune time for many wind energy producers who had hoped for a more celebratory tone at the October 20 to 21 Baltic Sea Wind Energy Conference in Tallinn.
21 Oct 2011

Cut looms for wind turbines in subsidy switch

Scottishpower is planning to pull the plug on more than 1,000 onshore wind turbines if the Westminster government cuts millions of pounds of subsidy from the industry. The Department of Energy and Climate Change (DECC) has launched a review of taxpayer-funded subsidies that is expected to lead to the payments being switched to giant offshore wind farms.
28 Aug 2011

The aristocrats cashing in on Britain's wind farm subsidies

An investigation by The Sunday Telegraph reveals how generous subsidies - that are added to consumer energy bills - are encouraging hereditary landowners to build turbines up to 410ft tall on their land. With controversy over onshore wind farms growing, the role of the landed establishment in fuelling the 'scramble for wind' will alarm opponents.
21 Aug 2011

Fuming over the Phase-Out: Energy Shift Deeply Divides German Companies

Germany's nuclear phase-out is creating a new divide within the economy. On the one side are the energy-intensive businesses in the aluminum, cement and paper industries, which will see their electricity bills go up as a result of the nuclear phase-out. And on the other side is the growing renewable energy sector, which is starting to fill its order books as Chancellor Angela Merkel's nuclear turnaround becomes a reality.
30 Jun 2011

Holland slashes carbon targets, shuns wind for nuclear

Holland thus becomes the first country to abandon the EU-wide target of producing 20 per cent of its domestic power from renewables. This is a remarkable turnaround from a state that took the Kyoto Agreement seriously and chivvied other EU members into adopting renewable energy strategies. The FT reports that instead of the €4bn annual subsidy, it will be slashed to €1.5bn.
10 Feb 2011

'Renewable' energy crisis sinking Spain

Spain's politicians, in something of an emergency move, have just stuck Spanish households and small businesses with a hefty new energy tax to go into effect tomorrow. Yeah, that oughta help matters. This latest in a series of energy tax hikes is intended to help pay down the burst renewabubble, which they also realize they can't just end but must perpetuate.
31 Dec 2010

Spain slashes subsidies for solar thermal, for some wind-energy plants

Spain reduced subsidies paid to solar thermal power plants and some wind farms to limit the cost of electricity for homes and businesses. The government reduced the subsidies earned by wind-power generators by 35 percent until 2013 and eliminated support for solar thermal plants during their first year of operation. Both technologies will face limits on the number of hours they can earn subsidized rates.
3 Dec 2010

The Thanet wind farm will milk us of billions

A far more significant omission from the media reports, however, was any mention of the colossal subsidies this wind farm will earn. Wind energy is subsidised through the system of Renewables Obligation Certificates (ROCs), unwittingly paid for by all of us through our electricity bills. Our electricity supply companies are obliged to buy offfshore wind energy at three times its normal price, so that each kilowatt hour of electricity receives a 200 per cent subsidy of £100.
25 Sep 2010
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