Posted on: 14/06/2016
Multiple “sudden and severe” policy interventions over the past 12 months threaten to slow the renewable energy industry’s progress, according to a new report.
The Renewable Energy Association’s (REA’s) annual “REView” document warned that repeated interventions by the UK Government are harming Britain’s position as a global leader.
The trade body added that policy interventions – such as ending the Renewables Obligation for onshore wind a year earlier than originally planned and cutting feed-in tariffs – are slowing the growth of the industry and increasing the chance of the legally-binding 2020 renewable energy targets being missed.
Nina Skorupska, Chief Executive of the REA, said: “The industry was blindsided this year with over a dozen sudden and severe policy changes, which we expect will be reflected in next year’s report.
“While many businesses have been left reeling and deployment has begun to slow, as an industry we will persevere, we will innovate, and we will continue to grow.”
The report also highlighted the growth of the renewable energy sector in the UK, with the total value of the sector rising by 6.6% or £982 million to £15.9 billion during 2014-15, out-stripping the 2.5% growth for the UK economy in general over the same period.
An additional 4,760 people joined the renewables workforce over the year, taking the total up to 116,788 workers.
Renewable energy supplied the UK with 22.3% of its power in 2015, 4.6% of its heat in 2014 and 3.2% `of its transport fuels in 2015, the report added.
> Read the report