No subsidies for green power projects before 2025, says UK Treasury

Government accused of 'turning their back on renewables' after saying there will be no more money for new low-carbon levies

Companies hoping to build new windfarms, solar plants and tidal lagoons, have been dealt a blow after the government said there would be no new subsidies for clean power projects until 2025 at the earliest.

The Treasury said it had taken the decision to "protect" consumers, because households and businesses were facing an annual cost of about 9bn on their energy bills to pay for wind, solar and nuclear subsidies to which it had already committed.