Planning consents, decarbonised heat and subsidies for EVs and wind power all need to be rethought if the government is serious about achieving net zero emissions by 2050
Opinion
contracts for difference
Latest in contracts for difference
Tripling onshore wind capacity from 13GW currently to 35GW in 2035 would lower annual energy bills by £50, according to new research commissioned by Renewable UK.
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Tom Thackray, director of infrastructure and energy at the CBI, says the business body is keen for the upcoming energy white paper to outline a “way forward” on the financing of onshore wind and solar projects when it is published.
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The third competitive contracts for difference allocation round, which will see up £65 million of annual subsidies awarded to renewable energy projects, has kicked-off today (29 May).
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A group of 91 MPs have signed a letter to energy and clean growth minister Claire Perry petitioning the government to provide ring-fenced subsidies for wave and tidal power.
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The Anaerobic Digestion and Bioresources Association (ABDA) has urged the government to create a bespoke contracts for difference (CfD) mechanism for small-scale renewables following the closure of feed-in tariff (FIT) scheme at the end of March.
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Tanisha Beebee, senior policy adviser on energy and climate change at the CBI, said the notices being provided by the Department for Business, Energy and Industrial Strategy (BEIS) about the UK withdrawing from the EU without a deal on 29 March are "very, very basic".
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Plans for Swansea Bay’s groundbreaking tidal power project have been revived with its backers claiming it can be built without public financial support.
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Under the arrangements proposed by Cornwall Insights chief executive Gareth Miller, contract holders would be guaranteed a minimum price for the electricity they produce.
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The fund will pay £45 million for the project, including both acquisition and construction costs. The transaction is expected to be completed in early 2019.
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Change is usually accompanied by uncertainty. Driven by the need to decarbonise, the energy industry is in the midst of a radical transformation. Whilst the end goal is clear, the route there is still being plotted out.
Opinion
The Solar Trade Association (STA) has called for tax cuts for businesses generating their own solar power in a list of policy demands submitted to the Treasury ahead of today’s (29 October) budget.
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