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Wind — a licence to print money 

Now that the Fullabrook wind farm has been approved, many people are asking how much subsidy its developer will receive from our taxes.The answer is “none” – the subsidies will come from our electricity bills. As to how much the subsidies will be, the answer is “enormous”.

Renewable energy generating companies receive one Renewable Obligation Certificate from the Government for every megawatt-hour of electricity they produce. These certificates have no value until sold at auction to other energy generating companies so that these companies can meet their “green” targets, which increase each year.

Historically each certificate has sold for an average of £40, so one megawatt-hour is worth about £40. So how much are the subsidies each year? If we take the Fullabrook inspector’s agreed figures, it will produce around 150,000 megawatt-hours each year. Multiply that by £40 and you arrive at £6 million a year. Over the projected 25-year lifespan of the scheme that adds up to £150 million. Then you have the sale of the electricity on top of that.

It’s no wonder that international investors are flooding into the UK to invest in wind power. And still the developers insist they are purely trying to save the planet.

Bob Barfoot

East Knowstone

Western Morning News

6 November 2007

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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