While environment activists were disappointed that a new Green Investment Bank will now have just £1 billion ($1.58 billion) in state funding – half the expected figure – the RHI was welcomed, as was a continuance of current FiTs, and £200 million ($317 million) for developing offshore wind.

Today's announcement is a huge relief and a very big breakthrough -- Gaynor Hartnell, chief executive, the Renewable Energy Association