Library filed under Taxes & Subsidies from UK

Wind farm subsidies top £1 billion a year

Britain's energy policy faces new controversy as it can be revealed that electricity customers are paying more than £1 billion a year to subsidise windfarms and other forms of renewable energy. ...It means that renewable energy added an an estimated £13.50 to the average household electricity bill last year. An additional burden fell on industrial users of electricity, who in turn passed on costs to their customers.
23 Jan 2010

Future of wind farms in doubt

Britain's biggest developer of offshore wind farms has hired Rothschild to sell stakes in its projects because it cannot afford to build them. The move by Dong Energy, the Danish power giant, casts fresh doubt on the government's carbon-reduction plans just six months after it ramped up subsidies to keep the offshore wind sector afloat. ..."The issue is that these projects require enormous amounts of capital and it's getting very difficult to justify," said an industry source. "The enthusiasm there once was has diminished."
8 Nov 2009

While wind farms run out of puff our bills will build up a head of steam

Cash-strapped Britain is now facing a looming energy gap, priced yesterday by Ofgem at up to £200bn. This is the sum that may be required to build new energy infrastructure while meeting environmental targets. Who pays, you wonder. Well, you do, with the pain intensifying around 2015 when Britain shuts down its most polluting coal-fired power plants and our old nukes. Then, household bills could jump by 60pc - enough to make anyone's hair stand on end.
9 Oct 2009

RBS may back out of government lending plan

The Department of Energy and Climate Change (DECC) announced proposals yesterday for RBS and Lloyds to boost lending to stricken wind-farm developers, which have been hit hard by the credit crunch ...A spokeswoman for RBS said that nothing had been signed and that it would be "at least two months" before a final decision was taken on whether to proceed with the scheme.
28 Jul 2009

Tax rise angers energy groups

The wind industry has accused the government of "sabotage" over a proposed fourfold tax increase that could lead to the scrapping of up to half Britain's 150 onshore projects. The hike has infuriated energy groups, which are warning of a wholesale retreat from the struggling sector just weeks after the government unveiled a package of aid measures designed to support it.
17 May 2009

Energy firms demand £2bn to save wind farms

Energy companies have warned the government that unless they get £2 billion in "immediate" state aid several offshore wind farms will be scrapped - and this would leave Whitehall's pollution-reduction targets in tatters. Companies have put off giving the green light to several big projects, such as the £3 billion London Array in the Thames estuary and Npower's £2.2 billion Gwint y Mor farm off the coast of Wales, until the government decides whether it will stump up more cash to offset building costs that have doubled in the past three years.
22 Mar 2009

Gargantuan London Array offshore wind farm in doubt as E.ON questions economics

According to the Financial Times, E.ON UK, the British arm of the German energy group, said the viability of its London Array project, a planned 1000 MW wind farm in the Thames estuary, had been called into question by the falling prices of oil, gas and carbon dioxide emissions permits. ...Centrica, the owner of British Gas, estimates that each megawatt of wind power capacity costs about £3m to build: more than the equivalent cost for a nuclear power station.
26 Jan 2009

Renewable power deals condemned as a ‘greenwash'

Hundreds of thousands of consumers are being misled by the green tariffs offered by power companies to boost renewable energy, says a report due out this week. The tariffs do virtually nothing to promote new renewable supplies and can be costly and confusing, according to the Carbon Accountability Programme, set up by environmentalists in Edinburgh. It accuses the six leading power companies of using "greenwash" to make their products seem more attractive.
21 Dec 2008

Truth about turbines

While being aware of how little energy wind turbines develop, I would have more time for their claims if they would cut the cant about global warming, saving the world through reduction of CO2 etc, and come out into the open and tell us how much profit these machines collect from the subsidy we all pay. Let developers tell us just how much profit they are making and, while developing this theme, perhaps the British Wind Energy Authority would also like to make a statement on this, that is if it can keep off the "we are saving the world" statements and "global warming being a greater threat than terrorism".
22 Nov 2008

Is the alternative energy market dead?

The likes of wind farms and other similar ventures have always been seen as more of a headline grabber in the UK rather than a real alternative for the future. The authorities have given minimal tax incentives for companies to get involved and there have even been complications with getting them connected to the national grid. All in all the alternative energy market has been launched and re-launched on many occasions but it is just not working.
18 Oct 2008

Out of Control Part 2: How the EU is costing you the Earth

This video (Part 2 of 2) was produced by the Independence and Democracy Group. The video addresses the misguided EU energy policy which promotes renewables and the direct and hidden costs of this policy. For more information, visit www.OutofControl.eu.org , www.InDemGroup.org and www.UKIP.org . Out of control Part I:  duration 8 minutes 57 seconds Out of control Part II:  duration 8 minutes 00 seconds  
28 Sep 2008

Out of Control Part 1: How the EU is costing you the Earth

This video (Part 1 of 2) was produced by the Independence and Democracy Group. The video addresses the misguided EU energy policy which promotes renewables and the direct and hidden costs of this policy. For more information, visit www.InDemGroup.org or www.UKIP.org . Out of control Part I:  duration 8 minutes 57 seconds Out of control Part II:  duration 8 minutes 00 seconds
28 Sep 2008

Can it last?

Gradually, the message is beginning to sink in. With wind farms already growing in unpopularity, people are now waking up to the gigantic scale of the rip-off being perpetrated. As more and more people begin to understand this, it should only be a matter of time before the whole programme crashes and burns. But, there is one minor problem ... wind energy is an EU-supported obsession. To stop the scam, we have to confront the EU. Is there a politician brave enough to do this?
14 Sep 2008

Anger over green power subsidy cut

The Westminster government has been accused of putting the development of green energy at risk, by shelving plans to subsidise projects in the Scottish islands. It means companies setting up renewable energy schemes in Shetland, Orkney and the Western Isles face paying up to 40 per cent of their annual turnover on crippling transmission charges. The government had planned to bring in a "cap" on the charges to make sure the renewables industry was not put off from developing in these key locations.
22 Aug 2008

Wind "Power": witless & wattless

The reaction of environmentalists to these developments shows how apparently strong principles can be set aside in favour of certain right-on technologies. Try to sink one 15,000 tonne oil platform in the North Sea (as Shell attempted with the Brent Spar platform in 1995) and Greenpeace will vilify you, but announce a plan to plant 7,000 concrete and steel pylons - each weighing 2,000 tonnes - on the seabed and you will be an eco-hero.
1 Jul 2008

State 'must put' €6bn into wind power industry to meet targets

The wind energy industry needs to invest up to €6bn over the next decade for the Government to reach its target of generating a third of the country's power from renewable sources, according to head of the wind energy lobby group. Speaking at yesterday's launch of the Irish Wind Energy Association's (IWEA) guidelines on best practice for on-shore wind projects in Ireland, the body's chief executive Michael Walsh said: "With over 1,000 megawatts of wind power already connected on the island of Ireland, the wind energy has already invested over €1bn in generation capacity."
14 Apr 2008

Wind farm is 'viable without Govt subsidy'

THE energy company behind a controversial, multi-million pound wind farm proposal has denied it would pull the plug on the plans if it missed a Government subsidy deadline. Airtricity has claimed the Bagot's Park site, near Abbots Bromley, would still be an economically viable project even if subsidies are cut for onshore wind farms built after 2010. Project manager Alex Fornall said the site "ticks all the right boxes" for a successful renewable energy scheme. ...Councillor Fox said: "If they are claiming Bagot's Park Wind Farm is viable without subsidy, then it is reasonable to conclude any subsidy paid out will just increase their profit margin."
27 Mar 2008

Ireland gives support package for wind farm growth

Ireland on Friday announced a government-backed guaranteed price for offshore wind power in a bid to boost the development of renewable energy. Under the government's feed-in tariff scheme, offshore wind power that is produced will get a support price of 1403 euros ($202.9) per megawatt hour. The move follows a similar initiative for onshore wind farm generation. Ireland's energy minister Eamon Ryan said the support price was "in line with what other countries are offering". "Now, investors can be confident when they invest in offshore wind," Ryan said in a statement. "Without it (a support price) we would not be able to attract any investment into Ireland."
11 Feb 2008

The great wind scam's profitability is equalled only by its futility

It is six years since I first referred here to "the great wind scam" - the bonanza enjoyed by the developers of wind turbines, thanks to the hidden subsidy we all give them through our electricity bills. Under the Government's Renewables Obligation, they receive twice as much for such electricity as they produce as the owners of conventional power stations: a 100 per cent top-up which makes our wind energy the most heavily subsidised commodity in history.
10 Feb 2008

https://www.windaction.org/posts?location=UK&p=9&topic=Taxes+%26+Subsidies
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