A briefing document on the wind industry written for investors – and seen by The Sunday Telegraph – shows how attempts to increase the supply of green energy will make turbines far more profitable over the next decade.
It predicts that wind farms will generate greater income following the introduction of a new tax on energy from gas and coal-fired power stations because it will drive up the cost of electricity over the next seven years.
The new tax, intended to cut pollution from traditional sources of electricity, will allow wind farm operators to charge more for the power they produce, with the extra costs expected to be passed on to consumers through their bills. Energy industry experts predict the new tax will cost electricity customers an extra £1billion a year from 2016.
The documents seen by The Sunday Telegraph show how:
* Wind farms are already making hundreds of millions of pounds of profits, with half the income from existing consumer subsidies;
Green tax boost for wind farm profits