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RenewableUK reaction to Chancellor’s Budget Speech

22 November 2017   (0 Comments)
Posted by: Rob Norris
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Commenting on today’s Budget speech by the Chancellor Philip Hammond, RenewableUK’s Chief Executive Hugh McNeal said “The renewable energy industry has a little more certainty than it did this morning. The existing budget of £557m remains intact, and there is a commitment to maintain the Carbon Price Floor at current levels until coal comes off the system. The removal of an annual cap on the Levy Control Framework reduces the risk of a boom and bust cycle.

 

While this is welcome, what is missing is the ambition to take full advantage of the UK’s global-leading renewables industry at such a crucial time for our country.

 

“Onshore and offshore wind are the cheapest options for new power in the UK and support thousands of jobs across the country, while our marine renewables and floating offshore wind sectors offer new industrial opportunities for the UK to be a global leader”.

 

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For further information, please contact:

  • Luke Clark, Head of External Affairs 0207 901 3037 or 07973 481 907 Luke.Clark@RenewableUK.com

  • Robert Norris, Head of Communications, 0207 901 3013 or 07969 229 913 Robert.Norris@RenewableUK.com

    Notes:

    RenewableUK is the trade and professional body for the wind, wave and tidal energy industries. Formed in 1978, and with more than 400 corporate members, RenewableUK is the country’s leading renewable energy trade association.


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