Looking to invest in Renewable Energy?
The Feed-in Tariff (FiT) and the Renewable Heat Incentive (RHI) schemes allow farmers and other landowners, who invest in renewable projects, to claim potentially attractive payments for the electricity and heat that they generate. The Government has recently announced changes to the Feed-in Tariff levels for all renewable technologies, which will come into effect from 1st April.
The tariff for small-scale anaerobic digestion (AD):
- plants with a capacity of 250kW or less has been reduced from 15.57p/kWh to 12.13p/kWh
- plants greater than 250kW but less than 500kW have gone from 14.40p/kWh to 11.22p/kWh
- large plants greater than 500kW are now 9.24p/kWh - a small decrease from 9.49p/kWh
The promised review of small scale AD tariffs is due to start shortly. This will clarify rates for schemes under 250kW, as there is consensus that the current tariffs have been reduced too far too quickly.
Wind tariffs have been reduced by up to 20%, as anticipated, but still provide attractive returns for projects of various scales. Tariffs will be:
- 15 - 100kW 17.32p/kWh
- 100 - 500kW 14.43p/kWh
- 500kW - 1.5MW 7.83p/kWh
- 1.5MW or greater 3.32p/kWh
Solar tariffs have remained largely unchanged, except for smaller systems of 50kw or under:
- Systems under 4kwp receive 14.38 with 4-10 kWp at 13.03
- 10 - 50 kwp rate is now 12.13 p/kWh
- 50 - 150kwp remains 10.71p/kWh
- 150 -250kWp is 10.25p/kWh
- up to 5MW and standalone set at 6.61p/kWh.
The export rate is now 4.77p across all technologies. Those with larger systems will be able to obtain greater returns through signing a power purchase agreement at an improved rate.
The domestic Renewable Heat Incentive (RHI) scheme, which includes a tariff for solar thermal technology (as opposed to solar PV, which is covered by FiTs), is intended to be launched in spring this year.