Renewable Energy Generation Wins Planning Consent for U.K. Wind

(Bloomberg) — Renewable Energy Generation Ltd., a British
low-carbon asset developer, was granted permission to build a
wind farm after the U.K. government said it plans to scrap
subsidies to the technology.

The company gained planning consent to build an 8-megawatt
facility in Wales, it said Friday in an e-mail. It now has five
onshore wind projects totaling 38 megawatts due to be installed
within 18 months.

“We now have a pipeline of 140 megawatts of consented
renewable-energy projects,” Andrew Whalley, chief executive
officer of REG, said in the statement. They will boost the
company’s total generating capacity past 250 megawatts.

The government last month proposed to halt assistance to
new onshore wind farms from a subsidy program a year early,
meeting an election pledge by the ruling Conservatives to end
assistance for the technology. The move has been criticized by
the clean-energy industry because that would cease support to
the cheapest form of large-scale renewable power.

REG says it’s talking to the government about whether its
project will be eligible to receive support under a “grace
period” before the subsidies are axed.

To contact the reporter on this story:
Louise Downing in London at
ldowning4@bloomberg.net

To contact the editors responsible for this story:
Reed Landberg at
landberg@bloomberg.net
Randall Hackley, Ana Monteiro

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
 
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us