Monday, 16 March 2009

LCBP support for solar runs out

A recent report from the Renewable Energy Association says:

The Renewable Energy Association, representing the renewables industry, expressed astonishment and concern at the closure of Stream 2 support for PV under the Low Carbon Building Programme (LCBP).

Only four days after the Government laid out plans for a low-carbon revolution, at the launch of its new low-carbon industrial strategy, it announced that the funding stream for the most popular technology, solar power, had run out. No applications made since the 26 February are permissible and the whole stream is due to end in June.

In December last year an extra £7 million was allocated to the PV stream of the LCBP to tide it over until the programme closed. However this funding had all been allocated by the 26 February 2009. A further £12 – 15 million still remains in the LCBP budget and at the present rate of spend it is predicted that £8 million will remain unspent by the end of the programme. The Department of Energy and Climate Change (DECC) have said that Phase 2 will not be extended and any remaining funds will be sent back to the Treasury.

The REA recommends the immediate reallocation of remaining LCBP funds on a first come, first served basis so all microgeneration technologies can gain maximum benefit.

Read the full story here

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