Feed in Tariff Drops 20%
As expected, OFGEM yesterday reduced FIT payments for onshore wind turbine sites with total installed capacity greater than 100kW but not exceeding 500kW by 20%. The new reduced FIT tariff for the period from 1 April 2014 to 31 March 2015 is 14.82 pence. (Prior to this; from 1 December 2012 to 31 March 2014 …