A sudden, unexpected cut to a renewable energy subsidy by the Government in the days following the Brexit referendum result has been condemned by the industry and farmers. The decision was announced by the Department for Energy and Climate Change (DECC) just days before it was abolished and came into force just three weeks later on 1 August. The Renewable Energy Association said investments in combined heat and power (CHP) projects totalling some £140m had been put at risk.
Independent 5th Aug 2016 read more »
An AIM-listed renewable energy group has blamed the Brexit vote after being forced to call in administrators little more than two years after making its stock market debut. Rame Energy, which specialises in wind and solar power projects in Chile, said that “difficult market conditions and the outcome of the UK referendum” had scuppered a crucial £2.8 million fundraising.
Times 6th Aug 2016 read more »