The UK has dropped one place to eighth position in accountancy firm EY’s Renewable Energy Country Attractiveness Index (RECAI) following uncertainty over the outcome of Brexit.
Investors are worried about how the UK’s exit from the European Union will affect the price at which it can export power to the continent and the cost of importing equipment.
During the third quarter, investment fell by 43% year-on-year.
China retained the top spot, followed by the United States, amid trade tensions be...
Chancellor Philip Hammond should use this autumn’s Budget to introduce a carbon tax covering the whole economy, according to the Policy Exchange think tank.
Its proposal has received backing from former Chancellor Lord Darling and ex-Tory leader Lord Howard.
The think tank noted that Energy Minister Claire Parry has committed the UK to using some form of carbon pricing post-Brexit.
Options include introducing an independent carbon tax or remaining in the European Union Emissions Trading Schem...
The UK government will ensure renewable energy “Guarantees of Origin” issued in European Union countries will continued to be recognised in the event of a no deal Brexit, the Department for Business, Energy & Industrial Strategy (BEIS) has said.
In guidance issued under the heading “Generating low-carbon electricity if there’s no Brexit deal”, the department said it means electricity suppliers can continue to use EU Renewable Energy Guarantees of Origin, and will existing supply contracts w...
Wind generation capacity in the UK has hit the 20GW mark, enough to meet the annual power needs of more than 14 million homes.
The landmark total was reached after the opening of Ørsted’s 659MW Walney Extension off the coast of Cumbria earlier this month.
Industry body RenewableUK said the figures highlighted the huge contribution now being made by wind but also reiterated its call for the UK Government to allow future onshore projects to compete for contracts.
RenewableUK’s Executive Directo...
Lifting trade sanctions against China could reduce the cost of solar panels by 30%, according to an investment firm.
Lowering the price of panels could bring benefits within weeks and may make solar Europe’s cheapest form of energy by 2020, the Sun Investment Group said.
The Europe Union (EU) introduced a tariff of up to 64.9% on Chinese solar panels in 2013 after accusing the Communist state of dumping panels on the European market to harm local manufacturers.
Its decision to lift remove min...