Renewable Energy - UK - October 2016
“The recent rapid expansion of the renewables sector is set to slow in percentage terms following a series of policy changes, including subsidy cuts, and the transition from the Renewable Obligation (RO) support scheme to the less generous Contracts for Difference (CfD) mechanism. More established technologies, such as solar PV and onshore wind, are most severely affected by recent policy changes, with the deployment of these technologies expected to slow considerably.
The outlook for the offshore wind sector remains positive with a strong development pipeline. The government has also assured the industry of continued financial support, on condition that it drives down costs. However, the political and policy uncertainty introduced by Brexit has cast a shadow over future UK offshore wind investments and may delay investment decisions. This is also likely to raise the cost of capital and impact on project costs.”
– Claudia Preedy - B2B Analyst
This report answers the following questions:
• How do government policies shape the development of the renewable energy market?
• What is the potential impact of Brexit on the UK renewable energy sector?
• What is the product mix of renewable energy deployment?
• How have key players involved in the renewable energy sector performed in recent years?
• What is the anticipated future development of the renewable energy sector?
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