Tuesday 17 July 2012

Government Delays Crucial Decision On Renewable Energy Subsidies


The government has reportedly delayed a crucial decision on subsidy levels for wind farms and other forms of renewable energy, after ministers failed to resolve a stand-off between Chancellor George Osborne and senior Liberal Democrats.
An announcement on the level of support that renewable energy projects can expect to receive through the Renewables Obligation Certification (ROC) subsidy mechanism through to 2017 had been expected today, with ministers repeatedly stressing that they wanted to confirm the details before the summer's parliamentary recess.
Renewable-energy developers have complained that millions of pounds of investment is currently on hold as a result of the lack of clarity over the returns they can expect.
But according to reports in both theTelegraph and the Financial Times,the crucial decision has now been delayed until the autumn amid ongoing disagreements at the top of the coalition over the level of support that should be made available to onshore wind farms.
Read More Here at Business Green.com

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