With the deadline passed for the completion of large scale solar farms, concentration on new projects is changing to medium-sized installations.
The latest of these has emerged in the form of a £40 million Venture Capital Trust scheme launched by October Investments recently.
The scheme is available for companies developing medium-sized installations that qualify for Feed-in Tariff payments, especially solar photovoltaic systems.
The race is now on to secure funding by April next year, said Paul Latham, October managing director.
“Solar represents a unique investment opportunity, but one that is limited to the remainder of this tax year,” he told Business Weekly.
“By April 2012, solar companies will no longer be classed as qualifying investments into Venture Capital Trusts and Enterprise Investment Schemes, which means those investors who wish to take advantage of the predictable revenue streams offered by solar and the tax-friendly incentives, should be talking to their financial adviser about their options now.”
You might also like...
Tariff returns on solar investment ‘can’t be right’, says minister
Energy and climate change minister Greg Barker has described returns on Feed-in Tariffs as unrealistic in a speech to the solar power sector.
London commercial boiler scrappage scheme gets warm industry welcome
Mayor of London’s £10m Cleaner Heat Cashback scheme is designed to improve air quality and save energy. Calls for scheme to be widened
Vaillant calls for national rollout of £10m London boiler scrappage scheme
Manufacturer lends its support to programme seeking to replace less efficient commercial boilers with greener, more efficient appliances across the capital
Solar power groups urge ongoing government support for ‘export tariff’
Open letter signed by hundreds of organisations urges environment minister to ensure ongoing commitment to mechanism to pay for solar power to be fed back into national grid
Renewable heat group calls for three-phase electricity in all new UK homes
The Renewable Energy Association calls on government to mandate a new approach for electricity supply in preparation for increased adoption of technologies such as heat pumps
