UK: Solar Banding Review for 2015–16
As has been rumoured in the trade press, we understand that the Department of Energy & Climate Change (DECC) will be consulting on:
- a review of Renewables Obligation (RO) bands for solar photovoltaics (PV), which will take effect from the 2015–16 financial year; and
- grace period arrangements to protect developers who have already made significant financial commitments.
Details of the consultations are due to be published shortly.
This is obviously leaving developers in a very uncertain position, and having short notice of such changes is not good news for investor confidence…
Click on the link below to read the rest of the Eversheds briefing.
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