LONDON (Reuters) - British Government on Tuesday the second postponement of an important announcement on the level of subsidy of renewable energy project braved the UK meet its legally binding climate change targets, which will contribute to further delays.
Government Tuesday a new national level of support for renewable energy projects, announced in April 2013 parliamentary rest before the summer recess.
"We do not, today announced that the recommendations at the appropriate time we will, because we are discussing and implementing the details, said a spokesman of the Ministry of Energy and Climate Change."
The proposed new level of subsidy was first announced in October, due to be completed in the spring, but the first one to delay the deadline before the summer recess.
Britain needs to invest heavily in renewable energy to meet its target to 2020 to produce 15% of energy consumption from renewable sources, compared with about 9 percent last year.
By the so-called Renewable Obligation Certificate (ROC) scheme, government finances have been supporting the device, including the development of solar panels, wind turbines and more than 500,000 kilowatts of biomass generating units.
Tuesday's delay means that investors in renewable energy projects how much support they can expect from April next year uncertain.
Ben Stansfield, senior partner of law firm Clifford Chance proposed renewable energy investors, "said:" The investor confidence was seriously injured, a variety of transactions will be significantly delayed.
For example, the UK electricity production Drax, has drawn up plans to increase the production of green electricity, coal-based power generation combination of biological, but has repeatedly said it is in the definition of subsidies, before deciding whether to invest.
"We do not want to see in one of the major sectors of our growth, damage investment and create employment opportunities, we need to ensure that confidence is not damaged. The industry is an urgent need for an early clear," said the MAF Smith, vice president of Green Energy Association RenewableUK.



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