Government plans to extend the Renewable Obligation (RO) scheme have been welcomed by the Renewable Energy Association (REA).
Plans to extend the RO scheme to 2037 were revealed in Chancellor Alistair Darlings pre-Budget speech yesterday.
REA director general Philip Wolfe said: This signals the Governments commitment to the Renewable Obligation as the long-term measure to boost bulk renewable energy generation in the UK.
The Governments pledge to support technologies such as anaerobic digestion (AD) through the RO extension could make such projects more attractive for investors. AD qualifies for two renewable obligation certificates for each megawatt hour of renewable energy it produces.
Wolfe said: "Energy projects are significant undertakings and companies require 15 to 20 years of a stable policy framework stretching ahead of them to give them the confidence to invest.