Policy doubts dog UK renewables – REA
The policy unease dogging the UK renewables industry is revealed by the findings of a new confidence survey, claims the industry body behind the poll.
The Renewable Energy Association (REA) says the survey confirms significant unease over impending shifts in UK support and their impact on the sector.
Just over half of the 68 senior managers polled said they expect the UK’s new Contracts for Difference (CfD) mechanism to be ineffective in delivering new renewables capacity when it replaces the existing Renewables Obligation (RO) system after 2017.
And a paltry 4% believe the UK has a “good or excellent” chance of meeting its 2020 renewable energy target of a 15% share.
Although fairly small in scale, the REA survey – which gave the UK an overall “confidence index” of 47% – chimes with a wider sense of unease over the stability of Britain’s renewables policy framework.
Two-thirds of the respondents believe the lack of an emissions target in the UK government’s Energy Bill sends a ‘poor’ or ‘very poor’ signal to investors.
Last week a group of leading wind turbine manufacturers wrote to the UK’s finance and energy ministers bemoaning the lack of an early decarbonisation goal.