UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables ...Middle East

OILPRICE - Economy
UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables
source : OILPRICE ( Middle East ) () 14
A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a ‘windfall tax’ on renewables companies. Community Windpower – which owns 1.5 GW of UK wind generation capacity – has said it will take legal action to block the UK’s Electricity Generator Levy. The temporary tax imposes a 45 percent levy on “exceptional receipts” of more than £10m generated by selling wholseale electricity at average prices exceeding £75 per MWh. Community Windpower has instructed…

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