2024-07-15
http://w3.windfair.us/wind-energy/news/45584-community-windpower-rising-costs-development-onshore-wind-farm-uk-wind-turbine-capacity-mw-windfall-tax-electricity-sanquhar-ii

Community Windpower pauses development of Sanquhar II wind farm

Image: Community WindpowerImage: Community Windpower
SQ II was projected to cost c £300m however infrastructure costs have been hit with a triple whammy of extreme inflation, 4-fold increase in interest costs and a weak pound.

Official Press Release Community Windpower:

Rising costs and windfall tax impeding Sanquhar II development

Sanquhar II Wind Farm “SQII”, the UK’s 4th largest onshore project with 44 turbines - 308MW of much needed green capacity has ground to a halt as a consequence of the unfair “Windfall Tax” on New Renewable power plants. This project is “shovel ready” with civil construction starting next year and first-generation due summer 2025.

SQ II was projected to cost c £300m however infrastructure costs have been hit with a triple whammy of extreme inflation, 4-fold increase in interest costs and a weak pound. Costs now exceed £500m which remains cheaper than Gas fired electricity – however strangely polluting gas generators are exempt from “windfall tax”. SQII developers, Community Windpower along with Industry call on the UK Govt... ... More: Official Press Release Community Windpower

Keywords:
Community Windpower, rising, costs, development, onshore, wind farm, UK, wind turbine, capacity, MW, Windfall Tax, electricity, Sanquhar II







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