“During the current cost-of-living crisis, the renewables industry has done more than any other industry to reduce the rising cost of electricity.

“Huge investment is need to achieve the government’s key targets of climate change and energy security.  Renewable electricity is protecting the consumer and the environment.  The industry has the power to boost the Northern Ireland economy by over £4bn.

“Unfortunately, yesterday the Draft Non-Domestic Valuation List 2023 was published by LPS with a dramatic increase the percentages renewables will pay.  Wind farms will see an increase of 80 per cent, while solar farms see an unprecedented increase of 108 per cent.

“This follows on from the government’s new windfall tax on renewable electricity that is in place from this month until 2028.  Effectively the industry is being double taxed.

“We need to incentive investment in Northern Ireland to ensure we don’t fall behind the rest of Ireland and GB.  We have some of the best wind in the world but are at a competitive disadvantage with our neighbours.

“Combined with a planning system that isn’t fit for propose, creating extensive timelines for developers, it really looks as if the government is penalising their best choice for a cleaner future.

“The “Electricity Consumption and Renewable Generation in Northern Ireland: Year ending September 2022” reported that 49.3% electricity was generated by renewable sources.

“This was fantastic news, but if we are to reach the Climate Bill target of 80% by 2030, we need government to recognise the industry and help us achieve it.”

Director on RenewableNI, Steven Agnew.

Ends.