Wednesday, 4 December 2013

Change in Govement stance on onshore energy

The government said  is to make big changes to the way it supports renewable energy in a statement
Ministers announced they will cut support for onshore wind and solar energy, but give more backing to offshore wind power.

Chief Secretary of Treasury, Danny Alexander described the shift in subsidy as "a rebalancing" and said overall spending would not change.But  Labour said "chopping and changing" pricing would be  bad for business.

The price producers are promised for onshore wind power and solar energy will be cut from 2015, while the amount paid for offshore wind power will be increased. The shift on wind energy comes ahead of Chancellor George Osborne's Autumn Statement, which he will deliver to MPs on Thursday.

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