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Legal Briefing
The future of renewables in the UK – winners and losers
Practice Area: Renewables
Sector: Business services
Jurisdiction: England & Wales
Published: 25 October 2011
Law Firm: Wragge & Co
Overview
The Government recently published proposals to revise bandings under the Renewables Obligation with the aim of further supporting renewable energy. Included in the proposals are details of who will benefit most from Government incentives (via payment premiums) for the generation of large-scale renewable energy.
The practical impact of the new banding proposals is that by 2017, the UK should be 70% of the way towards generating the electricity needed to meet its 2020 renewable energy target. In addition, the new proposals are expected to be less costly than the existing incentives.
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