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Race for medium-sized solar schemes begins

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.”