energysource issue 18
03 Apr 2017
The UK: Offshore wind all the way
In the UK, as in other European jurisdictions, the Government has sought to limit the cost of renewables to consumers. As a result, the incentives previously available for onshore wind projects have now been withdrawn for new projects. In contrast, the Government has indicated that it will continue to offer incentives for offshore wind although, as discussed below, it expects the offshore wind industry to make significant savings so that projects can go ahead with much lower rates of support.
This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.