DECC consults to remove solar from the Renewables Obligation
The Department of Energy and Climate Change (DECC) has confirmed that it is planning on removing support for solar under the Renewable Obligation (RO) scheme from 1 April 2015. The consultation begins on 13th May 2014.
In a consultation published 13th May 2014, DECC has outlined plans to entirely remove financial solar support under the Renewable Obligation (RO) for developments over 5MW in 2015/16. The consultation document states that the government “considers it necessary to take action to control the costs of large-scale solar PV to ensure it is affordable in the context of the RO and the EMR.”
Solar projects over 5MW will be able to apply for support under the Contracts for Difference auctions, which will begin in October 2014. For Project developers that have financial commitments, DECC is also consulting on proposals to offer grace periods for those projects which qualify on or before 13 May 2014.