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Article: Tax blots on the landscape Robert Watts investigates how wealthyinvestors are being lured by enormous tax breaks to channel billionsinto British wind farms
- Article from:
- The Sunday Telegraph London
- Article date:
- July 24, 2005
- Author:
CopyrightCopyright 2005 The Sunday Telegraph London. Provided by ProQuest LLC. (Hide copyright information)
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To some people, wind farms look like something from HG Wells's The
War of the Worlds or John Wyndham's The Day of the Triffids.
Others call the 1,200 giant turbines spread across the UK
monstrous eyesores, which can send local house prices plummeting and
harm wildlife.
It is therefore somewhat surprising that Gordon Brown, the
chancellor, has created a system that has turned wind farms into a
sneaky and lucrative investment opportunity for savvy small
investors, companies and private equity houses which can offer
returns of 20 per cent a year.
Hundreds of millions of pounds of investors' cash from all over
the world is being channelled into the UK to take advantage of
lucrative tax breaks ...