Renewable Energy

Trade and Industry written question – answered on 12th May 2004.

Alert me about debates like this

Photo of Mr David Stewart Mr David Stewart Labour, Inverness East, Nairn and Lochaber

To ask the Secretary of State for Trade and Industry what research she has commissioned on the balance between profit and investment associated with renewable energy development.

Photo of Nigel Griffiths Nigel Griffiths Parliamentary Under-Secretary, Department of Trade and Industry

The Government have created an attractive investment framework for renewable energy developments through the creation of the Renewables Obligation and, for certain technologies, additional support through capital grants. This is in support for our policy goals of securing 10 per cent. of electricity from renewables by 2010 and further significant contributions from this sector 2020 and beyond.

However the specific economics of individual renewable energy projects will differ on a case by case basis for a variety of reasons, notably the location of the project and the technology involved. Those seeking to develop or finance renewable energy developments must reach their own views on the economics of individual projects.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.