Moves to Boost UK Investment in Green Energy

Sep 30 - Planning

The renewables obligation will be extended by five years under new moves to encourage further investment in renewable energy outlined by the DTI.

The proposals, published in a consultation document last week, aim to strengthen the development of electricity generation capacity using renewable energy sources in the UK.

The obligation, which sets out targets for energy suppliers to source an increasing amount of their energy from renewable sources, will be extended from 2010-11 to 2015-16.

A spokesman for the department said: "The renewables obligation is a long-term policy commitment and will help maintain investor confidence."

Renewables Obligation Order 2005 can be viewed via

http://www.PlanningResource.co.uk.Renewables:  five-year plan

Copyright Haymarket Business Publications Ltd. Sep 17, 2004