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Tariff rate fall could threaten Bute wind scheme
Credit: By Craig Borland | The Buteman | 09 January 2015 | www.buteman.co.uk ~~
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Translate: FROM English | TO English
A fall in the rate of incentives paid for generating ‘green’ electricity could put a Bute community wind power scheme under threat – before it has even begun.
Bute Community Power Ltd (BCP) hopes to contribute £1 million to the local economy over the next 20 years from two 250kW turbines at Auchintirrie farm – part of an overall target of £5 million over 25 years from renewable schemes.
But the project’s manager says that any significant delay could put the feasibility of the project in doubt because of a steady decline in the rate of ‘feed in tariff’ (FIT) – the cash paid out by the government to encourage businesses and individuals to generate electricity from renewable means.
Boyd Alexander told The Buteman: “The FIT rate was 27p per kilowatt hour in 2012. When we started, the rate was 18p.
“Now it’s fallen to 14.5p, and with a couple of years’ delay it’s possible the scheme could become unfeasible.”
BCP members voted last month to continue with feasibility work on the scheme; they hope a planning application will be ready for submission to Argyll and Bute Council by the end of March.
* More in the January 9 edition of The Buteman – on sale now.
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