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The government must clarify its intentions for the renewable heat incentive or risk a boom and bust situation that deters companies from investing to deliver renewable heat policy goals, Eon has warned.
Head of microgeneration Thomas Buss told a Westminster feed-in tariffs forum that the company could not predict how large the solar PV market would be this year because of the “boom and bust” created by changes to the detail of the scheme and the eligibility criteria.
He said the company had had to shelve 10,000 domestic schemes as a result of the proposed changes but that some of the experience gained from creating power purchase agreements (PPAs) could be salvaged “if government is committed to stabilisation of the Fit regime”.
Whitehall must “protect the market from boom and bust”, said Buss, voicing concerns that a similar experience could mar the renewable heat incentive. “That would be untenable for our business,” he warned. “We must see a clear commitment [to stability] coming out of government”.
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