Baroness Morgan of Cotes
Main Page: Baroness Morgan of Cotes (Non-affiliated - Life peer)1. What recent assessment he has made of the incentives available for investment in renewable energy infrastructure.
3. What recent assessment he has made of the incentives available for investment in renewable energy infrastructure.
The current financial mechanisms to incentivise renewable electricity are the renewables obligation and the feed-in tariff scheme. We are currently undertaking reviews of the RO banding and the FIT scheme, and the renewable heat incentive is due to go ahead this year. The Government have also set aside up to £60 million of direct support for the development of offshore wind manufacturing at port sites in English assisted areas.
Access to finance is clearly a major issue for projects such as those in my hon. Friend’s constituency, and the green investment bank will certainly play a role eventually. Our FIT scheme reforms have focused on ensuring that money goes to community schemes rather than City speculators. The banks are increasingly taking a favourable attitude to this matter and finance is increasingly available from the high street banks. I am pleased therefore to confirm that yesterday the Treasury opened a consultation on the provision of other finance and on ensuring that enterprise investment schemes and venture capital trusts investing in FIT schemes through community-interest companies, co-operative societies and community benefit societies continue to qualify for improved support, as will those generating electricity from micro-hydro schemes. I hope that this change will focus investment on schemes that benefit local communities.
I have written previously to the Secretary of State on behalf of Evance, a manufacturer of small wind turbines in my constituency. One of the main issues it has raised has been the need for clear guidance for planners on how to deal with small wind systems. Will he tell me what discussions he and his ministerial colleagues have had with the Department for Communities and Local Government on this issue? In particular, would any guidance include specification of acceptable noise levels for these small—less than 50 kW—wind systems?
I am grateful to my hon. Friend for raising this important issue. It is a matter for DCLG, as she implied, although I have discussed it with that Department, and I expect an announcement shortly that I hope will indicate that some progress has been made.