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TKI Wind op Zee reports on tax and subsidiaries for OW

By: Tom Russell 21/09/2015 TKI wind op zee edited by 4C Offshore

General Windfarms

TKI Wind op Zee have released a report about the differences in systems of subsidies and tax regimes for offshore wind in France, Belgium, Denmark, Germany, the UK and the Netherlands.

The subsidy system and tax regulations determine the attractiveness for investors because of the influence on the risk and therefore the cost of capital and the levelised cost of energy (LCOE). A lower LCOE leads to lower costs for society.

TKI Wind at Sea (Top Consortium for Knowledge and Innovation Offshore Wind), PricewaterhouseCoopers (PWC) conducted this study. In this study, two types of policies, to offshore wind projects through grants and / or tax arrangements more attractive for investors, analyzed. Both methods, if effectively designed, can reduce the LCOE. By shifting the risk between public and private parties, the cost of capital and LCOE can be optimized.

The subsidy schemes and tax systems that have been analysed, the six countries have a low risk profile, as both feed-in tariffs and feed-in premiums are designed to ensure that investors receive sufficient income. But there are differences in regulations from country to country and these differences have an impact on the risk profile for investors.

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TKI Wind op Zee reports on tax and subsidiaries for OW

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