- The proposed subsidy is an exemption from the requirement to hold a licence for the supply of electricity for Green Volt Floating Offshore Wind Farm Limited (“Green Volt”). Considering a number of variables, the subsidy is valued at between £100m-£550m, with a legal maximum of £2bn over the 35 year life cycle of a wind farm.
- Our key takeaways are:
- Ensure that discussions of alternative policy options are detailed, and that clear reasons are given.
- Articulate clearly how certain costs are not “business as usual”.
- Ensure you always explain how the subsidy is clearly limited to what is necessary to achieve the policy objective.
DESNZ, Green Volt Floating Offshore Wind Farm Limited
Posted in Subsidy Advice Report Tracker.