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Northern Ireland investors rushed to join 'overly generous' £5bn green energy scheme

Programme to encourage investment in renewable sector had 'number of strategic shortcomings', says Auditor General as MLAs voice concerns

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Green Energy. Graphic: Raymond Esteban

Green Energy. Graphic: Raymond Esteban

Kieran Donnelly

Kieran Donnelly

Green Energy. Graphic: Raymond Esteban

A green energy scheme was overly generous and had people rushing to sign up before officials shut it down, a report concludes today.

Financial returns from the Northern Ireland Renewable Obligation scheme (NIRO) exceeded those in Great Britain.

The scheme provided subsidies to encourage investment in renewable generation, but closed to onshore wind in 2016 and other technologies the following year.