Net zero and the Loch Ness monster tax bill

Writing for Building Magazine, partner Angus Walker responds to a recent court ruling about a hydroelectric scheme at Loch Ness.  In the article he explains the implications it may have for the government’s net zero policy.

Officially opened by Queen Elizabeth II in 2009, the Glendoe hydroelectric scheme discharges water into Loch Ness. In May 2023, the Supreme Court decided that the electricity company SSE could claim tax allowances on the project.

Angus Walker writes:

‘Although it is good that a company providing renewable energy is not having to pay millions in additional taxes for building such a beneficial project, it is a pity that it took so long to resolve and had to go all the way to the Supreme Court.’

Subscribers to Building Magazine can read Angus’ full comments on the Loch Ness hydroelectric scheme here.