The Department of Energy and Climate Change (DECC) confirmed yesterday that the FiT for our class of wind power generation will fall from 28p/kWh to 21p/kWh. This is what we expected, but the good news is that the changes will take effect on 1 December 2012 rather than 1 October as originally proposed, subject to the completion of Parliamentary processes. This means that we have 2 more months than we thought to get generating. We still aim to meet the original date, but it gives us more “wriggle room”.
The full story and the changes to all incentives to renewable generation can be found on the DECC web site.