New rates for solar power projects that fall under the Renewables Obligation were proposed today. Support levels will be set under the Renewables Obligation that are broadly equivalent to the tariffs for solar PV (>250kW – 5MW) under the revised FITs scheme. This reflects the falling cost of the technology in recent years.
Edward Davey, Energy Secretary, said:
“Solar PV and biomass are important renewable technologies as we move towards a more low-carbon energy mix.
“It is vital that our support for solar PV projects under the Renewables Obligation reflect the fall in the cost of the technology. Our proposals are designed to encourage the most economically sound solar PV projects under the RO and ensure value for money for the consumer.”