Government overhauls renewable energy strategy

The government has announced major reforms to how it subsidises renewable energy projects.

Support for onshore wind and solar power projects is to be cut and focus is to shift towards offshore wind.

Chief secretary to the Treasury Danny Alexander said that the move was “a rebalancing”, and assured that overall spending on renewable energy would not change.

The changes will be implemented from 2015, with set prices for onshore wind and solar energy subsidies cut and increases seen in offshore wind. Final figures will appear in a ministerial statement this week.

Alexander denied the move was a response to Tory MPs opposition to wind-farms in their constituencies.

According to the BBC, a Conservative source said he expected “quite a dramatic cut” in prices for onshore wind in 2015 and beyond, while another spoke of the “beginning of the end for mature renewables”.

One source said: “We are in a very good place. If we didn’t curtail onshore a bit, we would have so much onshore that the constraint wouldn’t be financial but political. Ditto solar.”

The shift in focus comes ahead of George Osborne’s Autumn Statement on Thursday.

 Now read:

10 things Osborne MUST include in the Autumn Statement 2013

Get your business and talent recognised - enter the London Loves Talent Awards by 6 December

Judged by Tim Campbell, Will King, Terry Morgan CBE, Amit Bhatia, Matthew Hancock MP, June Sarpong & more

London Loves Talent Awards promo box for articles

Readers' comments (1)

  • Wind is a waste of time, costly, expensive and unreliable. Personally, I believe global warming is nonsense, as recent figures seem to confirm. Nature's forces dwarf our puny efforts. Even if I believed it, if we did nothing to reduce our CO2, our puny output would not make the slightest difference. Meanwhile we are crucifying our industry, sending jobs abroad, likely to have the lights go out, and all at hideous cost to our economy and jobs.

    Unsuitable or offensive? Report this comment

Social Bookmarks