30/03/2023

Government’s energy announcements do not go far enough to secure sufficient investment in renewables

30 March 2023 - RenewableUK press releas


Responding to the Government’s Energy Security Day media statement, RenewableUK’s Executive Director of Policy Ana Musat said:


“These announcements do not go far enough to attract the investment we need in the renewable energy sector - we need much bolder action to secure Britain’s clean energy future. Global competition for investment in renewable energy projects is fiercer than ever, and the UK risks falling behind and surrendering our global lead. 


“The Government has highlighted some important steps forward in existing policies and schemes, but we need much more than a “business as usual” approach to kickstart investment on the level we need to boost energy security, cut consumer bills and reach net zero. Without that, we won’t land the UK-wide economic benefits of building up new clean energy supply chains, as they will go elsewhere where the investment environment is more conducive and attractive”.      


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Notes


RenewableUK’s members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 470 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and to access export markets all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.


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