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Renewable energy target dependent on subsidies

A bid to have 15 per cent of the Isle of Man's energy requirement generated by renewable resources by 2015 could be derailed by a lack of funds.

Tynwald has voted in favour of the proposal, but Chief Minister Tony Brown recently told MHKs there was no public money available for the purpose at the moment.

Chairman of the Manx Electricity Authority Quintin Gill says achieving the the target is therefore dependent on attracting private investment, which would need the extension to the Island of a UK subsidy system known as renewable energy certificates, or ROCs:

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