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Renewables Obligation Certificate

Investment fund refinances 200 MW of UK projects set up under subsidy regime

A bevy of lenders from Australia, Germany and the Netherlands have provided up to £272 million for 17 solar and onshore wind projects that benefit from the U.K.’s expired incentives program.

Renewables account for 31% of UK electricity, installations remain flat

The U.K. government has cold-shouldered PV with a row of disfavourable policies, which have put at risk the financial viability of new arrays. In the past few last years, the market has remained almost flat, with installations sitting at around 200 MW per year.

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