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.
News from Eversheds
News from The Lawyer
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