Monday, 29 March 2010

Wealthy landowners make millions in the wind rush

The Times
"...Critics say it is ironic that the Renewables Obligation certificate (Roc) scheme was created by a Labour government but is handing large profits to investors and country landowners.Under the system, renewable energy generators can claim a Roc certificate for each megawatt hour of electricity produced. A 3MW turbine produces about 7,000 megawatt hours a year, with the electricity fetching £320,000 and the Rocs another £350,000 at current prices.Power companies are obliged to buy Rocs to meet government targets for renewable power but pass the cost to consumers. They also take the bulk of wind farm profits."

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