Norway Delays Plan for Onshore Wind Tax Following Outcry (1)

Norwegian lawmakers said they would postpone a plan that would have slapped a 40% resource rent tax on land-based wind farms after protests from industry.

A revised bill will be put forward in the second half, with the new statute taking effect in January, the government said Thursday. No details were given as to what the final proposal might look like, though the government said it will take into account feedback from companies, unions and municipalities.

Norway Irks Wind Power Investors With Plan to Slap 40% Tax

“The postponement is a good thing, but there is still uncertainty as to ...