The UK windfall tax on older renewable generation assets has been set at 45% of profit above a power price of £75/MWh. While slightly higher than some market expectations, we do not see the impact on the NESF dividend as critical and the removal of uncertainty over the extent of the taxation is beneficial in our view.
18 Nov 2022
NextEnergy Solar Fund - Known Unknown Now A Known
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NextEnergy Solar Fund - Known Unknown Now A Known
NextEnergy Solar Fund Ltd (NESF:LON) | 74.2 1 1.8% | Mkt Cap: 438.1m
- Published:
18 Nov 2022 -
Author:
Adam Forsyth -
Pages:
3
The UK windfall tax on older renewable generation assets has been set at 45% of profit above a power price of £75/MWh. While slightly higher than some market expectations, we do not see the impact on the NESF dividend as critical and the removal of uncertainty over the extent of the taxation is beneficial in our view.