Wind subsidy reduction hailed by Department of Energy and Climate Change Secretary Ed Davey as a “victory”.
The government wanted to reduce it to 75% of current levels, but it has now been agreed that it will be reduced to only 90% of the current subsidy.
The coalition announced its plans for the future of Britain’s energy security in its draft energy bill, released earlier this year.
A mixture of nuclear, gas, coal and renewables are to ensure the lights stay on in Britain, while also trying to reach the target of reducing carbon emissions by 80% by the year 2050 – something many commentators are now saying is impossible without the economy grinding to a complete halt.
On Friday it was reported that orders for wind turbines fell by around a third in the first half of 2012.
It certainly has been a year of change in the energy sector, and that looks likely to continue, with Shale Gas being given the go-ahead in recent weeks and the possibility of the CRC Energy Efficiency Scheme being scrapped later in the year.