VH Global: ‘Incorrect’ windfall tax ‘curtails’ renewables

VH Global Sustainable Energy Opportunities fund manager Anthony Catachanas ‘fundamentally’ disagrees with electricity-generator levy imposed by the chancellor last week.

Catachanas, chief executive of the £442m trust’s investment adviser, Victory Hill Capital, believes the new tax, which takes 45% of profits earned on UK-generated electricity sold above £75 megawatt-hours, impairs the future sustainability and viability of renewable technologies when profits become less exorbitant.


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