Solar Subsidy Farming
September 9, 2021
tags: solar power, sola
By Paul Homewood
There’s an outfit called Next Energy Solar Fund, who are after your money to invest in solar projects:
https://www.nextenergysolarfund.com/solar-asset-portfolio/ Next Energy don’t directly own the solar farms, it is merely the holding company for a number of shell companies who do own them. This is advantageous to them, as they can simply let any one of the shell companies go bankrupt if it runs into trouble, without the holding company taking much of a hit.
And because most of the money invested belongs to investors in the fund, Next Energy have little to lose anyway. Instead they merely rake off the profits and service charges.
Curiously the assets stated above seem to exceed the number of solar farms listed on their website, as Tomo discovered, but there may be a good reason for this.
But a look at their Annual Accounts makes interesting reading.
Most of their capacity, 86%, is subsidised via ROCs and FITs, (Renewable Obligations and Feed in Tariffs):
https://notalotofpeopleknowthat.wordpress.com/2021/09/09/solar-subsidy-farming/
