Sunday, July 29, 2012

Renewable energy: Onshore wind subsidy to be cut by 10%

The subsidy for onshore wind energy generation is to be cut by 10%, the government has announced. The Treasury is thought to have favoured a larger cut of up to 25%. It is one of a number of cuts which the Department for Energy and Climate Change said should encourage up to £25bn in new investment in energy generation between 2013 and 2017. See full Article.