News

1st February 2010

Feed-in Tariff announced

 

Today the UK government announced the finalised Feed-in Tariff (FIT) rates, which will be implemented on the 1st April 2010. This system is intended to encourage the uptake of small-scale low-carbon energy technologies and will help to:

• Engage communities, businesses and domestic households in the fight against climate change
• Reduce reliance on centrally generated electricity
• Increase security of supply
• Reduce losses through transmission and distribution networks

The final Tariffs are higher than anticipated and the announcement marks a very exciting time in the renewable energy sector.  The FIT will open up many micro-generation schemes that were previously too uneconomical to pursue under the RO, which is particularly encouraging for anaerobic digestion, hydro, PV and small-scale wind.

 

The Greenspan Agency Ltd. is ideally placed to assist with the development of renewable projects on both brown and green-field sites, and we would be delighted to discuss the new opportunities that the FIT scheme may afford to you.

 

http://www.decc.gov.uk/en/content/cms/consultations/elec_financial/elec_financial.aspx

 

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