Tuesday, 24 July 2012

Government postpones green energy subsidy cut by two months

Britain moved back the start date of new mostly lower subsidy levels for small-scale renewable projects by two months to December 1 and said it would cut support for wind, hydro and waste power by 5 percent per year from 2014, depending on uptake.
Friday's announcement came days after the government delayed a tariff decision for large-scale renewable projects, its Renewable Obligations programme.

It gave green energy investors some certainty about how much money they will receive for smaller projects which will start operating later this year.

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