05 Jul '13, 9am

UK delays vital wind investment contracts by six months, by me for @windpower_m @JessicaLennard

UK delays vital wind investment contracts by six months, by me for @windpower_m @JessicaLennard

’s impact now looks set to be undermined by changes made elsewhere by the UK government. The Department of Energy and Climate Change (Decc) has confirmed to Windpower Monthly that a programme designed to give wind developers a 12-month head start on the FIT regime being enshrined in UK law has now been delayed by six months. Under its final investment decision (FID) enabling process, Decc in March proposed to sign investment contracts with developers of renewables projects with generating capacities of 50MW or over. These contracts were meant to guarantee that projects would receive the FIT based on the draft prices, giving developers the financial certainty of making FIDs on their projects well before the energy bill, which will include legislation establishing the new FIT regime, is passed as law by UK parliament next year. But in an update on the FID enabling process pu...

Full article: http://www.windpowermonthly.com/article/1189133/analysis-...

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HMRC

HMRC

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