HM Treasury met earlier this week to discuss, amongst other things, the current Stamp Duty…
PLEASE NOTE: Information in this article is correct at the time of publication, please contact DFA Law for current advice on older articles.
During a recent visit to the South West, Minister for Energy & Climate Change Chris Huhne explained that the early review of the solar feed-in tariff would prevent a ‘boom and bust’ scenario.
Mr Huhne explained that the feed-in tariff (FiT) review would mean the renewable energy industry progressed ‘sensibly and sustainably’. He explained that the really big developers putting together very large schemes should not be allowed to use up the available funding, to the detriment of the smaller schemes, which is where the scheme was originally targeted.
‘The key to solar energy is not to stop the industry, but to make sure it grows in a sustainable way at the small-scale micro-generation level.’ Mr Huhne told Western Morning News during a visit to Cornwall. ‘We don’t know which technologies are going to be the real winners; which will be the low-cost answers and which won’t. That is one of the main points of this visit to the South West.’
Mr Huhne emphasised that small-scale developers (any installation below 50kW) including home-owners and schools would not be affected by the review and they would not miss out when the FiT subsidy review is published.