Ofgem confirms 3.5% FiT regression


In December last year, climate change minister Greg Barker said he hoped to give the commercial-scale market a boost in 2014.

“There is massive potential to turn our large buildings into power stations,” he told the Solar Trade Association’s Solar Britain event.

“There is a lot more we can do to drive deployment in that all-important mid-scale solar sector. If I see a challenge for 2014, it’s to mobilise that mid-scale solar market – that is where I really what I want to get my teeth into in 2014,” he added.

The full list of figures is available from Ofgem.

“Overall, the degression rates have been broadly in line with expectations and in some cases less severe than anticipated,” said Nick Green, an associate director at Savills Energy, who advises landowners and developers involved with wind farms and other renewable energy infrastructure.

 “Renewables projects remain a viable opportunity for landowners and developers looking to invest. With a stable rate of degression, payback time will only increase marginally; we’re talking a few years, rather than decades, with room still for good return on investment,” he added.

05 February 2014 Solar Power Portal

Atlantic Renewables

Atlantic Renewables are a solar PV design and installation company, providing affordable solutions in Manchester, Cheshire and throughout the North West.