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Tesco, Pepsico in Race for $2.4 Billion in U.K. Energy Subsidies

Companies including Tesco Plc and PepsiCo Inc. are racing for about 1.7 billion pounds ($2.4 billion) in power-generation subsidies being offered by the U.K. through March 2015, according to a report by the Carbon Trust.

Low-carbon investments could make average returns of about 12 percent, rising potentially above 15 percent because of subsidies including the Renewable Heat Incentive and the Feed in Tariff, the London-based adviser to business said in a report published today.