Low carbon power producers are set to pay over 20% more in windfall taxes than fossil fuel producers in the first three years of the UK’s new levy
Will Mathis
- 63 Followers
- 27 Following
- 6 Posts
Journalist at Bloomberg News covering the energy transition.
Wolfgang Blau
Jan RosenowFolks often say why do we still need to subsidise renewables if they're so cheap?
If funded by two-sided CfDs renewables currently lower electricity prices for consumers.
In the UK renewables are set to pay back £10.5bn a year to consumers by 2027.
https://www.current-news.co.uk/news/cfds-set-to-pay-back-10-5bn-a-year-to-consumers-by-2027
Satellite images show China’s largest oil field was releasing methane into the atmosphere this week, my Bloomberg Green colleague @aaronclark reports
Shuttered coal plants are still valuable for their grid connections. In South Africa, the World Bank and other institutions are providing $497 million to generate renewable energy at the site of a closed coal plant
https://www.bloomberg.com/news/articles/2022-11-04/south-africa-gets-497-million-to-produce-clean-energy-from-coal-plant-site
https://www.bloomberg.com/news/articles/2022-11-04/south-africa-gets-497-million-to-produce-clean-energy-from-coal-plant-site
South Africa Gets $497 Million to Produce Clean Energy From Coal Plant Site
A coal-fired plant in South Africa that shut its last unit this week secured $497 million from the World Bank and other funders to generate renewable energy from the site, a project that will serve as a working model for the transition away from fossil fuels.