Disappointing Feed in Tariff changes for PV

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News article

Feed in Tariff amendments disappoint

March 2011

renewable energy news

The Government consultation on 18 March for Solar PV rates over 50kW is a big disappointment to a large number of landowners who were hoping to either have solar parks on their land or large scale PV on the roofs of their farm buildings. 

Many of these these projects can no longer go ahead and for a lot of people who have invested substantial sums of money in large scale PV projects, their money has now been wasted. 
 
Mark Newton of Fisher German comments “The renewables market needs certainty for growth to happen in the UK.  We will never meet Government targets if we keep changing the goalposts as it makes investors lose confidence and people are now, rightly so, hesitant to start projects.
 
“Following the problems involved with other forms of energy production, deep water drilling for oil in the Gulf of Mexico and nuclear development following the tragedy in Japan we need to seriously consider the importance of renewable energy. Countries such as China and Germany have recently suspended their nuclear power projects, and if this situation continues the renewable sector should be doing more to fill the world’s energy gap.
 
“One positive aspect is the tariff rates for AD which were increased slightly and this should, hopefully, re-start some of the AD projects that were on hold following the low FIT rates given to AD last year.
 
“The uncertainty over PV has also resulted in a renewed interest in wind turbines.  At Fisher German there has been a big increase in wind projects and we are currently dealing with about 300 small to medium sized wind projects”.
 
For further information, or if you have any questions regarding the Feed in Tariffs and how they can affect you, please contact Mark Newton on 01858 411246 or email mark.newton@fishergerman.co.uk
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