Could Brexit deliver some unexpected benefits to the UK’s embattled onshore wind industry? That is the question being asked today at RenewableUK’s Scottish Renewables Onshore Wind Conference in Glasgow, where the trade body’s chief executive, Hugh McNeal, this morning argued Brexit could present new opportunities for a sector currently hamstrung by the government’s block on new onshore wind subsidies. “I believe we should reflect on what we can offer; cheap, home-grown electricity able to deliver hundreds of millions of pounds of capital investment for our economy over the next few years, helping companies all over Britain just at a time when we need it most.” He added that there was a pipeline of onshore wind projects that are “ready to build now, ready to be financed; projects that can generate economic activity and capital investment, projects it makes sense to build given the benefits they will bring and the challenges we now face”. However, new projects are currently struggling to identify a route to market following the government’s decision to end Renewables Obligation subsidies early and ongoing uncertainty over whether onshore wind will be able to access price support contracts offered to offshore wind projects.
Business Green 29th June 2016 read more »