Denmark

Denmark

Tax slapped on wind

All new owners, or part owners, of wind turbines in Denmark will now be required to pay tax on income from sales of electricity to the grid. Existing owners of shares in wind turbines may continue to enjoy tax free income if they have qualified for it to date. With this change in the tax law, the government is now treating wind turbine ownership as any other business venture in Denmark. However, investment in wind turbines is now tax deductible in Denmark, a change which is likely to result in 1996 being a record year for wind turbine sales on the domestic market. Some 200 MW is expected to go in the ground, mainly developed as single installations of large turbines owned by one individual or company.

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