DESNZ, Green Volt Floating Offshore Wind Farm Limited

  • 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.

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Posted in Subsidy Advice Report Tracker.