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Wind Farms: Finance

Volume 504: debated on Monday 18 January 2010

To ask the Secretary of State for Energy and Climate Change what financial support his Department makes available for the development of (a) onshore and (b) offshore wind farms. (311573)

The Renewables Obligation (RO) is the Government’s main mechanism for the financial support of renewable electricity. Developers of renewable technologies, including wind, receive Renewable Obligation Certificates (ROCs) for the electricity they generate. Suppliers can buy these certificates and present them to Ofgem to meet their annual obligation.

Wind plays an important role in the Government’s energy policy and we recently announced an increase in RO support for offshore wind stations accredited between April 2010 and March 2014. This should ensure the industry has the confidence to continue to invest in this important technology.