According to Solar Energy UK, the government’s proposed revenue cap on renewable power generation gives “another very poor signal” to investors.
“The UK solar industry is concerned that a windfall tax on revenue from existing renewable generators has been announced in haste, whilst many of the details are still to be worked out, particularly for small generators who have been excluded from ministerial discussions so far.
Poor signal
“This gives another very poor signal to international investors in renewables in the UK, on the back of speculation of restrictive planning rules for solar farms being pursued by Defra,” said Chris Hewett, chief executive of Solar Energy UK.
“The whole renewable industry is ready and willing to work on medium-term solutions to separate the low-cost renewable power market from the high-cost gas power market. This would be in the best interests of consumers and generators,” he added.