The Scottish Government have taken positive steps towards developing the future of Scottish solar investment under the Renewables Obligation (the main support mechanism for renewable electricity projects in the UK). Unlike England and Wales, the Scottish Government will retain the “Grandfathering” guarantee.
“‘Grandfathering’ is the guarantee that the level of support provided per unit of electricity will not change throughout the lifetime of a solar installation once it has been built and connected, and once the investment has been made.” (Scottish Construction Now, 2015).
The decision has been made to build confidence in Scotland’s solar sector and attract new investment, which will also aid Scotland in meeting its renewables and carbon targets. With these positive forecasts come the uncertainty of imbalance across the UK. “…if DECC (Department of Energy & Climate Change) proposals to reform the Renewables Obligation (RO) scheme go ahead in England and Wales, with developers able to take advantage of a more supportive policy regime in Scotland.” (Jocelyn Timperly, 2015)
With an exciting and ever-changing future lying ahead for development and investment in Scotland, Oliver Kinross are delighted to be hosting the event Scotland Build 2015 at the SECC, Glasgow on November 25th & 26th. Supported by a large number of influential organisations, including Scottish Renewables, BRE Scotland and the Glasgow Chamber of Commerce, the programme will incorporate the industry’s most current energy and renewables related topics. Presentations will be delivered by many of Scotland’s industry experts, such as Glasgow City Council’s Sustainable Manager, Duncan Booker and Chairman of STA Scotland and Board Member of Construction Scotland Innovation Centre, John Forster. The conference will focus on topics such as climate ready place-making and energy ambitions, along with the opportunity for open-floor discussions with attendees.
Renewables and investment go hand-in-hand in Scotland and Oliver Kinross recognise this key opportunity in bringing together professionals with a desire and passion for the future of the industry, particularly at a time when the Government are making sizeable announcements regarding its plans and proposals.