The UK Government has announced the next wave of renewable energy funding will take place in eighteen months’ time, to build on the dramatic fall in technology costs seen in the latest round of auctions.
A funding pot of £557m is available to support new energy technologies and although the Conservative party famously pulled subsidies for onshore wind in 2014, it is now signally a potential return for wind turbines. “Provided that it goes through a reasonable local planning system, I see no reason why it should not be on the same level playing field as everything else,” Richard Harrington, Energy Minster.
However, in the recently published Clean Growth Strategy one criticism would be the lack of strategy for mature renewables such as onshore wind and solar power. Given how cost-competitive these technologies have become, the government should work with industry to develop a subsidy-free mechanism that will encourage the development of projects in parts of the country where communities want them.