Mixed messages continue to surface from the UK government
about the future direction of the country's renewable energy policy and we
believe a great deal rests on the outcome of the election in May 2015. Although
we believe the UK is on its way to successfully meeting its renewable targets,
the longerterm growth prospects of the industry remain in doubt. Confusion
surrounding the new Energy Bill and the uncertain support mechanisms offered to
renewable energy developers is likely to dampen investor interest in the
market.
The UK has pledged to derive 15% of its energy from renewable sources by 2020;
with a government target for the power sector of 30% renewables share, owing to
slower progress in the heat and transport sectors. However, the post-2020
agenda is looking less clear after the European Commission (EC) announcement
the proposed EU 2030 climate and energy targets in late-January 2014. It seems
that the EC has not set a binding renewable energy target at the individual
member states - something that the UK government will back after energy
secretary Ed Davey labelled a target 'inflexible and unnecessary'.
Spanning over 57 pages, “United Kingdom Renewables Report Q3 2014” report
covering the SWOT, Industry Forecast, Market Overview, Competitive Landscape,
Company Profile, Methodology.
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