Treasury unexpectedly axes incentive for building new renewable energy sources,on top of previously announced subsidy cutsThe government plans to crop tax reliefs for community energy schemes to build new renewable power capacity such as solar and wind in a stride that will deal a further blow to the UK’s embattled renewables sector, green campaigners absorb warned.
The Treasury is to remove tax reliefs of 30% or more for community energy schemes that reduced the risk for investors and encouraged private capital to help build new energy capacity.
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Source: theguardian.com