The UK’s renewable energy industry is at risk of “rapidly shrinking” as one of the main financial support mechanisms for large-scale renewable electricity projects has now closed for new capacity developers. Established in 2002, the Renewables Obligation (RO) scheme has accredited more than 23,500 generating stations, comprising of 25GW of installed capacity. Today (March 31) marks the closure of the scheme to new generating capacity, although some installations may qualify for a grace period. Between 2015 and 2016, more than 23% of the UK’s electricity was generated by RO accredited power stations, according to the Renewable Energy Association (REA), compared with just 1.8% from Feed-in Tariff (FiT)-supported generation. The RO closure is unlikely to boost the uptake of new renewables installations, which have dipped to their lowest annual levels for new capacity installations in four years. In response to the closure, the industry and green groups are warning that a lack of political clarity could see the prospects of the industry shrink.
Edie 31st March 2017 read more »
Solar Portal 31st March 2017 read more »