Subsidy cuts threaten £369m of community energy projects
Up to 90% of community energy developers across the UK say that proposed cuts to the Feed-in Tariff (FIT) would put their current projects at risk.
In a poll of 80 community energy companies, 67% thought their projects were ‘completely’ at risk, and 23% said they were ‘partially’ at risk due to the FIT review.
This represents a capital investment of £127m that is now unlikely to go ahead. Looking forward, 91% of developers said their future ambitions are also at risk from the FIT review representing another £242m.