18 Jul '12, 11am

CBI voices “mounting frustration” over delay to renewables subsidy decision

The CBI has joined the chorus of criticism over the government's delay to a crucial decision on changes to renewable energy subsidies that had been expected yesterday. The Department of Energy and Climate Change (DECC) had intended to announce changes to subsidies issued through the Renewables Obligation (RO) scheme before parliament broke up yesterday. But the department was forced to delay the decision because an agreement on the changes is still yet to be reached with the Treasury. FURTHER READING Centrica and DONG plan giant 2.2GW Irish Sea wind farm Is the Treasury trying to wreck the green economy? The stand-off, which is believed to centre on Treasury calls for deeper than expected cuts to subsidies for onshore wind farms, prompted fierce criticism from renewable energy firms who have complained that projects are being delayed and investment plans disrupted as a res...

Full article: http://www.businessgreen.com/bg/news/2192535/cbi-voices-m...

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