Feed In Tariffs (FIT)
In April 2010 the UK government introduced a Feed in Tariff Scheme (also known as the FIT or the Clean Energy Cashback Scheme) to encourage the development of a range of small to medium scale renewable energy developments. The aim of the FIT is to increase the amount of power that is generated from renewable electricity in order to meet legally binding EU targets of 15% of total energy from renewables by 2020. In 2011 the UK government announced that the FIT would be reviewed; a copy of the published consultation response can be viewed here.
Furthermore, the FIT allows households, farmers, landowners and communities to become generators of low-carbon electricity and benefit from the revenue of the electricity. The FIT provides support to renewable energy projects by providing an index linked (RPI) tariff for the electricity produced and electricity payments are guaranteed for 20 years.
Schemes developed by One Wind Renewables are supported by the Feed in Tariff scheme. For more information on the Feed in Tariff please visit the Department of Energy and Climate Change.