UK Government Could Face Lawsuit If It Implements A Windfall Tax On Renewables 

[image credit: beforeitsnews.com]
Looks a tad optimistic. Nobody forced wind farm developers to bump up their prices to match the massive increases in gas and electricity charges. Invoking ‘net zero’ seems a bit of a cheek when they’re blatantly chasing maximum profits.
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A Cheshire wind farm developer has threatened to sue the UK government over its plans to impose a ‘windfall tax’ on renewables companies, reports OilPrice.com.

Community Windpower – which owns 1.5 GW of UK wind generation capacity – has said it will take legal action to block the UK’s Electricity Generator Levy.

The temporary tax imposes a 45 percent levy on “exceptional receipts” of more than £10m generated by selling wholesale electricity at average prices exceeding £75 per MWh.