|Policy Type:||Economic Instruments>Fiscal/financial incentives|
|Funding:||£260 million package over 2001 to 2004|
The UK government announced a £260 million package for measures over 2001/02-2003/04 to stimulate renewable energy comprising: £89 million towards capital grants to help develop offshore wind, energy crop power generation projects and small-scale biomass heating projects, through the New Opportunities Fund; planting grants for energy crops (short rotation coppice and miscanthus) of £12million; an initial funding of £10 million to kick-start a major solar PV demonstration scheme; a further £100 million to bring on stream new generation renewable energy technologies; and an expanded renewable energy research and development programme of £55.5 million. These measures are additional to the substantial boost for renewable energy coming from the Renewables Obligation and exemption from the Climate Change Levy. This new investment will underpin the governments objective of increasing the contribution of electricity supplied from renewables to 10% by 2010.
|This record is superseded by:||Offshore Wind Capital Grants Scheme|
Last modified: Mon, 19 May 2014 17:37:31 CEST