Institutional investors are expected to turn away from the UK, and the European market in general, according to a panel of experts speaking at this week’s Solar Finance and Investment event.
The government’s explanation that the Levy Control Framework, and any purported overspend within it, can be used to justify any policy u-turn it deems appropriate is to be ruled over by three Court of Appeal judges in the coming weeks.
The UK solar industry is moving towards a market led by power purchase agreements (PPAs) and wider use of storage technology in the wake of subsidy cuts.
The House of Lords has clashed over cuts to the feed-in tariff which Baroness Featherstone labelled as “untenable” and an “extraordinary micromanagement of an industry”.
The UK’s solar operations and maintenance (O&M) market is currently “very fragmented” and faces “inevitable” consolidation in the near future, a conference panel has said.
The government has attempted to justify the “grossly unfair” early closure to the renewable obligation (RO) last year at the Court of Appeal, claiming that any operation of the support mechanism was always subject to the “overriding risk” of the Levy Control Framework (LCF).
Plans for the new Hinkley Point C nuclear power station in the UK appear to have suffered a setback after it emerged that the executive running the project for French firm EDF has left his post.
The clean energy industry has received a stark warning that it needs to commit more resources to lobbying to counter the efforts of a failing fossil fuel industry.
The sharp decline in wholesale energy prices will prevent storage from taking off in the UK in the coming years, a panel of asset managers said on Monday.
