The government is to fast-track details of how much support it will give to developers of new large-scale renewable electricity projects.
Energy Minister Charles Hendry announced today said that industry will get an indication of the support they will receive for new large-scale projects that start generating renewable electricity from April 2013, as early as mid-July 2011.
Under previous arrangements, support levels were not due to be finalised until Autumn 2012, meaning developers had been reluctant to start projects with long construction periods.
The changes to the timetable for the 2010-13 Renewables Obligation were revealed at a meeting of the Parliamentary Renewable and Sustainable Energy Group.
Mr Hendry said: “We are determined to increase significantly the amount of renewables in our energy mix and we want to remove barriers to this goal. The previous timetable for reviewing support for large-scale renewable electricity developments created some uncertainty for investors, so we’ve decided to bring it forward.”
He added: “Taking this action will help us realise our full potential for growth in renewable electricity. We think we’ve found the right balance between speeding up the process and making sure our decisions are based on solid analysis.”
DECC now intends to consult on new banding proposals next summer and confirm the new bands by the autumn. The new bands will take effect on April 1, 2013, as originally planned, subject to State Aids and Parliamentary approval.