Another windfarm surpasses £1 billion in subsidy payments
14 Nov 2024
Written By NZW team
The Beatrice Offshore Windfarm has become the fourth windfarm to have received more than £1 billion in subsidy payments. The landmark was reached in just its seventh year of operation, suggesting that it could reach £2 billion over the course of its subsidy agreement.
Beatrice, situated in the Moray Firth, cost £2.2 billion to construct. Thus consumer levies will pay for almost the entire cost of the windfarm. The profits are ultimately shared by SSE plc and the Danish investment house, Copenhagen Infrastructure Partners.
Net Zero Watch has condemned the waste. Its director Andrew Montford said:
https://www.netzerowatch.com/all-news/beatrice-1-billion-subsidies
