According to a new report, the UK has climbed 3 places to the 7th most attractive company for renewable technology.
EY’s Renewable Energy Country Attractiveness Index (RECAI) ranks 40 countries on their investment and deployment opportunities.
Ben Warren, EY global power & utilities corporate finance leader and RECAI chief editor, said: “Government subsidies for clean power are being reduced around the world.
“However, movements in the Index suggest that these developments are just headwinds as the renewable energy sector continues to mature and markets expand.”
Whilst Government subsidies may be being reduced all the over the world, the UK Government's Renewable Heat Incentive (RHI) is it's highest it's ever been.
What is the RHI?
DOMESTIC RHI
As part of the UK commitment to global climate change targets, the domestic RHI has been introduced to promote the adoption of ground source heat pumps and air source heat pumps.
The Domestic RHI is aimed at private residential self-build and custom build, as well as all retrofit applications. Eligible installations receive quarterly payments over 7 years based on the heat generated.
NON-DOMESTIC RHI
The Non-Domestic Renewable Heat Incentive (RHI) is a government environmental programme that provides financial incentives to increase the uptake of renewable heat by businesses, the public sector and non-profit organisations.
Eligible installations receive quarterly payments over 20 years based on the amount of heat generated. The scheme covers England, Scotland, and Wales.
Contact Alto Energy to see how you could benefit from the Renewable Heat Incentive.