Update UK: Major Investment by Renewable Energy

According to DECC, changes to subsidies for renewable electricity could incentivise between £20 billion and £25 billion of new investment in the economy between 2013 and 2017. Bandings were set for renewable technologies under the Renewables Obligation – the UK Government’s main mechanism for supporting large-scale renewables – for the period 2013-17 (2014-17 for offshore wind). This comes ahead of the UK Government's Global Investment Conference and series of 17 business summits taking place at the British Business Embassy at Lancaster House during the upcoming Olympic Games, which aim to secure further investment into the UK. The Banding Review sets out that: Support for onshore wind from 2013-17 will be reduced by 10% to 0.9 ROCs, as consulted on in Autumn 2011. This level is guaranteed until at least 2014 but could change after then if there is a significant change in generation costs. A call for evidence on onshore wind industry costs will be launched this Autumn and report in early 2013. If the findings identify a significant change, the Government will initiate an immediate review of ROC levels with any new support arrangements taking effect from April 2014, with grandfathering and grace periods for projects already committed ...Zum vollständigen Artikel

Cookies helfen bei der Bereitstellung unserer Dienste. Durch die Nutzung erklären Sie sich mit der Cookie-Setzung einverstanden. Mehr OK