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April 10, 2014

EU reduces levy for big manufacturers

Green groups are worried that new EU guidelines on state energy subsidies will undermine growth of renewable industry.  At the moment, heavy industry has to pay a levy so that renewable energy producers can be given a guaranteed price for their power.  This will be gradually phased out resulting in a reduction in the number of renewable projects eligible for “feed-in tariffs”.

Greenpeace believes that EU bowing under pressure from big manufacturers.

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