19 Jul '12, 3pm

Davey Rules Out 25% Reduction for Onshore Wind Subsidy in U.K.: U.K. Energy Secretary Ed Davey ruled out a 25 p...

Davey Rules Out 25% Reduction for Onshore Wind Subsidy in U.K.: U.K. Energy Secretary Ed Davey ruled out a 25 p...

Davey, who said he had planned to announce details of the program today before Parliament adjourns for its summer recess, said a delay was due to a “logjam” in preparing the final details of the package. He brushed aside suggestions the Treasury is seeking a much deeper decrease in the subsidy and noted his administration had proposed a 10 percent decline. “There’s no one arguing for the sorts of cuts you’ve seen in the newspapers, like 25 percent,” he said at a meeting of the energy and climate committee in Parliament in London. “The Treasury has been working very well with the department. The critical thing is that when we announce it the decisions are evidence based.” The comments allayed concerns within the industry that Chancellor of the Exchequer George Osborne, a Conservative, would force the Liberal Democrat minister to gut support for renewables as a way of keepin...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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