18 Mar '13, 11am

New UK renewables confidence report reflects a sector under pressure: The UK Renewable Energy Association has

The ‘Renewables Industry Confidence Index’ score for this first iteration of the survey is 47% (the REA estimates that a score of 75% would indicate a healthy industry with a good chance of reaching its 2020 renewables target). The survey takes place at a time of major policy upheaval for the renewable power and renewable transport sectors and follows several analyses suggesting that investment in the renewables project pipeline has slowed (source - Bloomberg New Energy Finance , November 2012). recent media reports have also highlighted the concerns of REA members responding to the survey, about the new Contracts-for-Difference mechanism under the Energy Bill . Senior managers from 68 companies responded to the survey. Findings confirm the Energy Bill is cause for concern with 51% of renewables executives believing that Contracts for Difference will not be effective in br...

Full article: http://www.renewableenergyfocus.com/view/31287/new-uk-ren...

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