Posts Tagged ‘FIT’

New feed-in-tariffs regulations from 1st April 2012

It’s a fact: the new feed-in tariff will take effect from April 1, 2012. Next Sunday, the feed-in tariff rates for photovoltaic systems with a total installed capacity of 250 kW or less will fall, while a lower multi-installation tariff is introduced by the Government.

According to the Department of Energy and Climate Change website, that “multi-installation tariff applies to PV installations where the generator or nominated recipient for FITs already owns or receives FIT payments for more than 25 PV installations on different sites. Such installations will receive a tariff set at 80% of the level of the standard tariff.(more…)

Foresight Group invests in solar energy again

Solar Parks are in vogue. Element Solar Power, with a London based office, announced last Monday the completion of a successful sale of two photovoltaic solar panels parks with a combined capacity of 6MW to funds managed by alternative asset manager Foresight Group (Foresight), which have already invested in more than £300 million of operating photovoltaic assets in the UK, Italy and Spain.

The solar projects, Puriton West (4MW) and Summerway Drove (1.8MW), were developed by Element Power Solar in partnership with Dublin-based BNRG Renewables. The projects were constructed and commissioned during 2011 under the U.K. Government’s Feed-in-Tariff (FIT) legislation designed to encourage construction of low carbon electricity generation from renewable energy technologies, and are both fully operational generating electricity at pre August 2011 Feed-in Tariff (FiT) rates.

 

Puriton West Photovoltaic Project - Via pv-magazine.com

Puriton West Photovoltaic Project - Via pv-magazine.com

 

Via SFGate and PV Magazine.