Electricity giant SSE has abandoned plans for a major Highland hydro-electric power station after the UK Government slashed subsidies by 30%. SSE said it would review its position if the Scottish Government increased its level of support
The decision follows an announcement by the Department for Energy and Climate Change (DECC) on Wednesday of a 30% cut in the Renewable Obligation Certificates companies receive per unit of energy produced by hydro power.
SSE, which trades in Scotland as Scottish Hydro, said: “The UK government has announced the outcome of its review of the bands of support provided by the Renewables Obligation. It will have no impact on existing assets in operation or under construction. Nevertheless, it means SSE no longer expects to develop any new conventional hydro electric schemes.”
SSE said it would review its position if the Scottish Government increased its level of support