Solar project development costs ‘increased by 50% off back of windfall tax and inflation’
The cost of developing solar projects has increased in upwards of 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said.
The cost of developing solar projects has increased in upwards of 50% as a result of the Electricity Generator Levy and inflation, Energy UK has said.
UK energy trade bodies – including the Solar Trade Association and Regen – are calling on the Treasury to implement tax relief for clean energy technologies.
Details of the government’s Smart Export Guarantee (SEG) emerged earlier this week, eliciting responses that range from calling it “better than nothing” to welcoming an end to the “ongoing tragedy” of the policy gap between the feed-in tariff (FiT) and the SEG.
Establishing a level playing field for low carbon technologies must be a priority for government if the power sector is to realise the full benefits of the energy transition, Energy UK has said.
Energy UK, the domestic energy industry trade body, has urged the government to reinstate Contracts for Difference (CfDs) auctions for established low carbon technologies like solar PV.