The World's #1 Renewable Energy Network for News, Information, and Companies.

New FiT Band Benefits Small Hydro Development in U.K.

Small hydropower project developers are hopeful that the 100-500 kW hydro band introduced earlier this month to the United Kingdom's Feed-in Tariff (FiT) scheme will help stimulate renewable production growth.

Effective March 15, 2013, the hydro band will allow projects with installed capacities between 100-500 kW to receive between 12.48 pence per kilowatt hour (p/kWh) and 15.98 p/kWh, depending on whether the project was approved before or after the tariff's enactment date.

"We want to give investors and project developers across low-carbon technologies as much certainty as we can, as early as we can," said Edward Davey, U.K. Energy and Climate Change Secretary. "That's why we are launching a process that will enable investment decisions to be taken before changes to the electricity market come into effect, ensuring that renewable electricity projects can get built, bring investment and jobs."

HydroWorld.com reported in June 2012 that questions regarding the FiT program were potentially holding back millions of dollars in small-scale hydropower investments, which the British Hydropower Association (BHA) said could equate to as much as US$156 million.

Introduced in April 2010, FiT was implemented as part of the U.K.'s effort to increase its percentage of energy produced by renewable sources to 15% by 2020.

According to BHA, that equates to an increase of more than 6,360 GWh of new green energy with small hydropower project accounting for the bulk of the added capacity.

RELATED ARTICLES

NHA Recognizes Five Companies as Outstanding Stewards of America's Waters

Five companies have been recognized by the National Hydropower Association as recipients of its Outstanding Stewards of America's Water awards program for positive excellence in recreational, historical, environmental or ed...

India's 330-MW Alaknanda Hydropower Plant Enters Commercial Operation

Indian infrastructure group GVK has put the first unit at its 330-MW Alaknanda hydropower plant into commercial operation, following synchronization with the country's northern grid earlier this month.

Marine Energy Sector Continues Growing Worldwide, Despite Economic Setbacks

A report released recently by the International Energy Agency's Ocean Energy Systems shows that the marine and hydrokinetic sector moved closer to commercial viability through 2014.

Leaders Sign "Declaration of Principles" for 6,000-MW Grand Ethiopian Renaissance Hydropower Project

Leaders from Sudan, Egypt and Ethiopia have signed an agreement to end a long-time dispute regarding the controversial 6,000-MW Grand Ethiopian Renaissance hydropower plant.

CURRENT MAGAZINE ISSUE

Volume 18, Issue 3
1505REW_C11

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

FEATURED PARTNERS



EVENTS

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

Wind Power Central America

Wind power projects are expected to reach 46GW of total installed capaci...

ImagineSolar | Solar PV Project Experience: Advanced 5-day Workshop...

40 Advanced Credit HoursAdvanced 5 Day WorkshopIREC Accredited Continuin...

COMPANY BLOGS

Can We Just Allow Florida To Be The Sunshine State?

We attended Solar Power Southeast, a regional solar show put on by&...

Helping Small Businesses Visualize Savings

    What does a small business owner care about? Most are run...

SunEdison Expands Residential Market Offerings with New PPA, Sales ...

SunEdison has largely focussed on the commercial and utility-scale solar...

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS