Greg Barker’s Speech: Making Contracts for Difference work for solar (June 2014)

NewsGreg Barker gave a speech on ‘Making Contracts for Difference (CfD) work for solar’ on 25 June, during which he highlighted the increase in solar PV deployment in the last four years as well as outlining the transition from Renewables Obligation (RO) to CfD.

Mr Barker said: ‘First, we are determined to super-charge the mid-size roof-mounted sector. This is why we are consulting to split the FiTs degression band for projects over 50kW into two: one for standalone, one for non-standalone. With different capacity triggers for each. Second, we are not planning to change any RO support for anything other than the larger projects. The consultation proposals apply just to projects above 5MW. Third, we want to protect projects which have made a significant financial commitment. That is why we have proposed a grace period.’

Click here to read the speech in full

Source: DECC, Making Contracts for Difference work for solar, 25 June 2014