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Renew-Reuse-Recycle
24th Oct 2020 Login  
Breach of covenant, that may put other "would be" owners off
by Stuart at 2010-02-17 11:43:25 (News)
What the Government has done or is proposing here represents a breach of faith with all those who installed a wind turbine. We carry the capital costs of installation and we thought we had a guaranteed future return rate through ROCs etc. We now see that we are losing out, and are being penalised.
The longer term impact of this could be to make others reconsider installing their own capital intensive systems in the future. Who says the government might not change itís mind again and disenfranchise those that install systems after us.
The new system is meant to encourage finically minded investment in renewables. How can someone though make a long-term financial decision when the Government has proved that it can change an investment framework and rate of expected return. As it is doing with us.
Big investments need to be backed up by some regulated rate of return, this by nature cannot be changeable, otherwise they in effect create uncertainty in the minds of potential adopters that make the projects unviable, because the rate of return on investment is unclear.

--
Stuart

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