Big Day for UK renewables tomorrow?
The details of the UK feed in tariff (FIT) are widely expected to be released tomorrow bu the Departrment for Energy and Climate Change. Designed to complement the Renewables Obligation (RO) by supporting deployment of renewables at a smaller scale <5MW.
The mechanism is guaranteed grid access at a guaranteed price which tapers off as the size of the installation increases so that between 500kW to 5MW it is essentially the same as the ROC price bonus.
I'll post the details here as soon as they come out.
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