Across the UK, companies are planning to cash in on a subsidy bonanza for electricity from burning biofuels. Producing one megawatt from biofuels such as palm oil attracts up to twice as many “green energy” subsidies (Renewable Obligation Certificates or ROCs) as gaining the same energy from onshore wind.
One company, Vogen Energy, applied for permission to build a vegetable oil power station in Newport, Pembrokeshire. Some 10,000 hectares of oil palm plantations would be required…