986: New support for renewable energy
This paper is summarised from a press release from Bidwells, ‘Surge in Wind and Solar Energy Likely on the Back of "FIT" Confirmation’
Year of Publication2010
The new Government Clean Energy Cashback Scheme is designed to incentivise small to medium renewable electricity generation. It provides a guaranteed payment for electricity generated irrespective of whether or not it goes into the grid. The big winners will be wind energy and solar photovoltaic panels. The Government has also announced a consultation on the Renewable Heat Incentive which will pay for heat produced in a similar way.
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