28 Aug '13, 11am

UK Not Doing Enough To Win Renewable Investors, Says Report

UK Not Doing Enough To Win Renewable Investors, Says Report

That is the verdict of analysts at consultancy Ernst & Young (EY), who warn that the British government “is now playing catch-up with investors who are not short of opportunities in other countries." EY says that policy announcements over the summer “may have improved prospects and contributed to increased levels of activity in the UK renewables sector, but are not enough to attract investment in the long term." Those announcements included details of the government’s proposed contracts for difference – the prices it will pay generators of electricity under its Electricity Market Reform package – an extra £800 million (€928 million) for the recently-launched Green Investment Bank and the Energy Bill securing its passage through to the House of Lords. However, EY states that many of these announcements were long overdue and do not go far enough to sustain current high level...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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