You may have seen that the Department of Energy & Climate Change has announced yet another review of financial incentives for solar PV schemes. This time it is focused on the Renewables Obligation and its support for large scale, ground mounted solar farms. The proposals are that the current Renewable Obligation Certificate (ROC) rate of 1.4 ROCs per MW of electricity will be substantially reduced. This is particularly disappointing for the solar PV industry, which has delivered over 1 GW of renewable energy capacity over the past year. It also flies in the face of a recent promise by energy minister, Michael Fallon, that ROC rates would not be adjusted again before the end of the scheme in 2017.
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