Britain Will Stop Subsidizing New Renewable Energy Projects After 2025

- Nov 25, 2017-

China energy storage net news: the British Treasury announced on a budget file disclosure, "in order to protect the interests of consumers," after 2025 will stop for new renewable energy projects of all kinds of financial subsidies, including renewable energy mandatory quota, the fixed feed-in tariff, spreads the contract, etc.

Of course, this decision will not affect the continuing subsidies for renewable energy projects by 2025.

The Treasury estimates that the subsidy for projects already in operation will reach 9 billion pounds a year by 2025.


Renewable energy industry in the country disappointed the decision of the government, that under the existing carbon price (24.50 / ton) cancel the renewable energy subsidies, the UK energy low carbon transformation will lose momentum.