Cloudberry Clean Energy ASA | Update on tax proposal for Norwegian on-shore wind
Oslo, Norway, 13 December 2023: Yesterday evening the government published a statement that they have reached a broad consensus between the political parties on the agreement for ground rent tax on Norwegian on-shore wind.Overall, the resource rent tax (NO: Grunnrenteskatt) for Norwegian onshore wind is lowered from an original effective tax rate of 40% to 25%. For existing wind farms, the government has also proposed changes to the transition rules which looks better than their initial proposal, although not achieving full investment neutrality. At present there is limited information