Onshore unfazed by UK changes

The UK government’s moves to bring forward some £40bn ($65bn) of renewable energy investment by 2020 after shifting incentives towards offshore wind power and away from projects on land has won widespread support.

The Treasury today published a list of final “strike prices” for generating electricity from renewables in its national infrastructure plan, cutting support for onshore wind farms and solar parks, while raising them for wind projects out at sea.

Prime Minister David Cameron has faced stiff opposition from Conservative members of parliament and rural communities to wind farms and solar parks.

In addition he is under pressure from the growing political support for the UK Independence Party, which is strongly opposed to renewables.

Today’s announcement gives much needed clarity to investors, who can now calculate their guaranteed returns on renewable energy projects until Log in to read complete article.

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