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Regulation

UK renewable projects face mandatory community investment

Renewable-energy developers will have to invest in communities where they build projects under a new UK energy independence bill covering England, Scotland and Wales, the Financial Times reported. The proposal would replace a largely voluntary system of local support and make community benefits a formal cost of developing new energy infrastructure.

Why it matters

Mandatory local investment could improve public support for projects while raising development costs for renewable-energy groups.

Sources

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