The Brexit result was just a short time ago and already much has been written about its potential impact on the UK’s renewables industry. Common themes that have emerged are loss of investor confidence, concerns over energy security and delays in much needed investment into the UK’s energy infrastructure. At best, the commentary can be described as well informed speculation. The truth is that nobody can predict the impact with any degree of certainty. Certainty is something that has been sadly lacking for some time within the context of the UK’s renewables industry, and Brexit, coupled with potential for a second Scottish independence referendum, will only serve to extend and most likely intensify the uncertainty. We should not lose sight of the fact that the UK will remain a member of the EU for at least the next two years, however the intense debate that is likely to surround the exit negotiations may well delay decisions by the UK government which are of fundamental importance to the renewables industry, for example, the next CfD allocation round.
Energy Voice 6th July 2016 read more »
The UK is almost certain to miss its EU 2020 targets for renewable energy, the National Grid has said. The firm has produced UK future energy scenarios covering four different approaches in policy. Even in the most environmentally minded scenario, the UK is projected to fail in its target of producing 15% of total energy from renewables. The government no longer claims the 2020 target will be hit but a spokesman said the UK was making good progress.
BBC 5th July 2016 read more »
Edie 5th July 2016 read more »
The UK’s energy supply is changing rapidly, marching on a path which will likely see it diversify, decentralise and decarbonise significantly over the coming decades. However, the pace of change, technological improvement and relative proportion of energy generated from renewables are extremely difficult to project, potentially varying considerably depending on a host of factors. Meanwhile, in order to plan for the future, crucial decisions concerning the UK’s energy supply up to 2050 need to be made within the within the next decade. With these considerations in mind, the National Grid today published its latest Future Energy Scenarios (FES) report, which plots four possible pathways towards 2050, each of which vary based on the UK’s green energy ambition, economic development, and the future prosperity of consumers. Drawing on industry-wide engagement with 362 stakeholders across academia, government, industry, trade associations and charities, the report takes into account different policy and economic landscapes to understand the potential impact on energy supply and demand. In a best-case scenario, the UK will still miss its 15 per cent renewable energy target for 2020.
Business Green 5th July 2016 read more »