NEWS
Guaranteed funds boost Green Deal launch
A £7m government loan, plus guarantees of further funding as part of public infrastructure spending, have provided much needed support for the launch of the Green Deal in October
The loan comes from the Department of Energy and Climate Change (DECC) to The Green Deal Finance Company, which is the vehicle established to provide funding to Green Deal providers from early next year. Providers will then offer low cost fi nance packages to consumers upgrading the energy effi ciency of their homes. Danny Alexander, the Chief Secretary to the Treasury, also announced that the Green Deal would be a candidate for support within the ‘UK Infrastructures’ scheme, designed to support up to £40 billion of investment in infrastructure projects. ‘The Green Deal is the largest ever programme for investing in the energy effi ciency of our housing stock and we are looking at whether and how a guarantee could help ensure that the fi nances are in place to get the programme off to a very strong start,’ said Alexander.
The register for Green Deal Providers, Assessors and Installers is now open for applicants who, once approved, can display the Green Deal Quality Mark to demonstrate they comply with the required standards. ‘This will be vital for protecting customers from any rogue traders. Only registered and authorised businesses will be able to use this mark,’ a DECC statement said. As CIBSE Journal went to press, it was expected that about 20 ‘pioneers’, including British Gas and a number of energy suppliers, would be announced as approved Green Deal providers.
The register will be managed by Gemserv and its partner REAL, which was appointed as the Green Deal oversight body earlier this year. CIBSE Certifi cation is a Green Deal Certifi cation Body accredited by UKAS.
Assessors and installers will have to gain authorisation to operate as an offi cial Green Deal company from a number of approved certifi cation bodies, which will then register the companies to start operating under the Green Deal. The fi nance providers will register directly with the oversight body.
Solar industry facing boom and bust
Cuts to government subsidies for solar PV installations are forcing the industry into a damaging ‘rollercoaster’ ride of boom and bust, according to campaigners.
There was a sudden surge in demand during the last week of July as business users and consumers tried to beat the 1 August deadline for the latest cut to the Feed-in Tariff.
Installed PV capacity rocketed by 62% to 8,305 in the week to 29 July, according to fi gures released by the Department of Energy and Climate Change (DECC). The subsidy for systems under 4 kW fell to 16p/ kWh from 21p/ kWh and the tariff will be cut again on 1 November by a further 3.5%. This ‘rollercoaster’ ride for the industry was condemned by campaign group Our Solar Future, which said it was creating a boom and bust cycle.
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