'Not fit for purpose': Hydropower industry warns of 'chilling effect' of soaring business rates

James Murray
clock • 8 min read
The Rannoch dam hydro scheme | Credit: Ardtornish Hydro
Image:

The Rannoch dam hydro scheme | Credit: Ardtornish Hydro

EXCLUSIVE: Changes to business rate valuations have drastically increased costs for renewables developers and left many in fear that further hefty bills could be on the way

The British hydropower industry is being hamstrung by changes to business rates valuations which have lumbered some leading developers with crippling tax bills that have led directly to redundancies and...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

Plant-Forward: Novotel to launch climate-friendly menus across 600 hotels

'Enshrined in law': Government proposes cash boost for communities hosting clean energy projects

More on Taxation

'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year
Taxation

'Electricity prices must come down': Chancellor urged to back reforms that could save households £370 a year

Coalition of businesses, investors, and climate groups call on Rachel Reeves to move the cost of legacy renewables schemes into general taxation

James Murray
James Murray
clock 15 May 2025 • 5 min read
'No winners in a trade war': Green industries brace for Trump tariff impact
Taxation

'No winners in a trade war': Green industries brace for Trump tariff impact

UK faces 10 per cent tariff on all exports to the US, as EU gets hit with 20 per cent levy and China faces 54 per cent charge

James Murray
James Murray
clock 03 April 2025 • 8 min read
Cutting clean investment in the Spring Statement would be bad economics and poor politics
Taxation

Cutting clean investment in the Spring Statement would be bad economics and poor politics

The Spring Statement and upcoming Spending Review cannot afford to de-prioritise investment in the clean transition, as it is crucial for the government's growth mission, writes Esin Serin from LSE's Grantham Institute on Climate Change and the Environment...

Esin Serin, LSE's Grantham Institute on Climate Change and the Environment
clock 24 March 2025 • 5 min read