UK opens door on transitional support scheme

Ed Davey, secretary of state for energy and climate change.

Ed Davey, secretary of state for energy and climate change.

The UK government has opened the door on its Final Investment Decision Enabling (FIDE) scheme – the transitional mechanism it hopes will keep big renewables projects on track during a period of policy upheaval.

FIDE allows developers to apply for support during the transitional phase between the UK’s current Renewables Obligation programme and the Contracts for Difference (CfD) system that will replace it from 2017.

It hopes to address fears that with key details of the future policy still unclear – not least the CfD strike-prices that underpin the mechanism – investment decisions in areas such as offshore wind would grind to a halt during the hiatus as the government’s Electricity Market Reforms (EMR) take legislative shape.

The FIDE scheme aims to offer Investment Contracts – an Log in to read complete article.

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