IN DEPTH: UK's changing winds

Ed Davey has given developers greater scope to shrink projects without incurring financial penalties

Ed Davey has given developers greater scope to shrink projects without incurring financial penalties

Ed Davey, the UK’s congenitally chipper energy secretary, tried to strike an especially buoyant tone in the days before he unveiled a final suite of surprises for the offshore wind industry in December — promising that “good news” was imminent.

Good news is exactly what the UK industry needed, after a bruising year of setbacks, including an apparent lowering of government’s medium-term ambitions for the technology amid growing political concerns about the country’s rising energy costs.

While the gladness of Davey’s December tidings remains debatable, no-one could accuse the government of slacking in the run-up to the holiday season — as it delivered a string of revelations with enormous implications for renewables in 2014.

It started in early December, when Davey announced tweaks to the Contract for Difference (CfD) Log in to read complete article.

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