Subsidies 3
Following the launch of the government’s Green Homes Grant on 30th September, Ian Rippin, CEO of MCS, calls for improvements to be made for the long-term benefit of installers and consumers alike and highlights the challenges presented by the scheme;
“Since the launch of the Green Homes Grant, we have been fielding calls on a daily basis from installers seeking clarity and expressing their concerns over what they feel are flaws in the scheme.
The figures were published as a cross-party task force of 24 mayors and local leaders, representing 24 million people across England submitted a proposal to the Chancellor, Rishi Sunak, to unlock £100bn as part of the Spending Review, which closed on 24 September. The finance should be predominantly met from the private sector with the Treasury pump-priming £5bn via a Net Zero Development Bank.
Business and public leaders from across the UK have united to call on government to pledge £5 billion towards retrofitting local renewable energy systems and energy efficiency measures.
To drive through the changes needed to reach its carbon reduction targets, the government will need to shake up the current way that things are done in the heating industry. OFTEC has dusted off its crystal ball and here considers a few of the most likely policy options the government may consider.
Rory Mathews, economic analyst at Ecuity Consulting LLP discusses why the CHGS is ‘a step in the right direction’.
In the past decade, renewable energy has undergone a considerable shift within the UK. Having once been a virtual non-entity, it now provides power for up to 40% of our national electricity supply.
Macquarie Capital Principal Finance (Macquarie) has today announced the completion of the majority acquisition of BioCow, a leading producer and innovator in the UK biogas industry. BioCow uses anaerobic digestion to create energy from agricultural waste, by producing biomethane which can be used to heat homes and businesses and as a green transport fuel.
The Association of Plumbing and Heating Contractors (APHC) has expressed concerns over newly announced Government plans to increase the UK’s energy efficiency in line with its Paris commitments agreed in December 2015.
A House of Commons’ committee has accused the administrators of the Green Deal scheme of misleading Parliament with wildly inaccurate forecasts that wasted tens of millions of taxpayers’ pounds.
Finn Geotherm has reached the milestone of ensuring five million pounds in Domestic Renewable Heat Incentive (RHI) payments will be shared among the hundreds of homeowners for which it has designed and installed renewable heating systems.
The UK Green Investment Bank plc (GIB) has provided a Green Loan to help Stirling Council save £31m over the next 30 years by installing energy saving streetlights.
Biomass heating specialists Windhager UK have just introduced a new asset finance package for commercial clients to fund biomass boiler system installations.
The electric vehicle revolution could turn out to be more dramatic than governments and oil companies have yet realized, according to new research by Bloomberg New Energy Finance.
A world first bio plant for handling unsorted household waste will be built in Cheshire by DONG Energy.
Leapfrog Finance has announce its funding of the construction of a 4.1MW solar project co-developed by Plymouth Energy Community (PEC) and Communities for Renewables CIC.
Indian prime minister Narendra Modi has signed £10bn worth of trade deals on his recent UK visit, including £2bn of investment in India by Lightsource Renewable Energy.
Martyn Reed, operations director, Elmhurst Energy
Elmhurst Energy has outlined its vision for the energy efficiency market to function following the demise of Green Deal.
The government has confirmed that it is to end the further release of funds for the Green Deal Home Improvement Fund and Green Deal Finance Company.
Chancellor George Osborne has come in for sharp criticism from the low carbon sector for offering little to encourage the deployment of renewable energy in his annual budget.
Pay4Later, a company which enables retailers to offer finance solutions and interest-free credit to consumers, has enhanced its proposition to increase acceptance rates by up to 20 percent.
New analysis from the Energy Efficiency Financing (EEF) scheme has revealed that the education sector is overspending on energy to the tune of over £173 million per year.
This is a 120 percent increase since April 2014.
DECC has announced the immediate closure of the Green Deal Home Improvement Fund (GDHIF) due to a ‘overwhelming popular demand’.
179 biomass boilers will be installed across 21 of Bernard Matthews’ turkey farms in Norfolk, Suffolk, and Lincolnshire.