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”.
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.