Mark Newton

Conference Chair

Transcript

1. Mark Newton Partner, Fisher German
2. ENERGY NOW EXPO 13 February 2013 The Wind Market in 2013 Mark Newton – Fisher German
3. • Launch of the Farm Energy Service at the NFU Annual Conference in Birmingham on 22 February 2012 • A third of all farmers are already involved in a renewables project • The Farm Energy Service has assisted over 800 NFU members since its launch
4. NFU technology enquiries over the last 12 months
5. Small scale wind • Stability in feed-in tariff rates? • Are small turbines below 20MW no longer viable? • The market for 50 – 90MW turbines
6. • The market for 225 – 275 turbines • The market for 500kW turbines Medium scale wind
7. Bank due diligence work • We undertake renewable due diligence work for most of the UK’s clearing banks • 45% of the reports are for Endurance 50kW turbines
8. 1. Annual Investment Allowance • Now increased from £25,000 to £250,000 • Return for investor can double from, say, 15% to 30% after tax relief 2. Inheritance Tax • If wind turbine is run as a business then IHT relief after 2 years so 40% tax saving! Always take independent taxation advice Taxation
9. Mark Newton FRICS Fisher German LLP 01858 411215 or 07860 514474 mark.newton@fishergerman.co.uk website: www.fishergerman.co.uk