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United Kingdom

United Kingdom

UK commits £7.6bn to renewables

UK: The UK government has committed £7.6 billion (€9.4 billion) to the renewables sector up to 2020, ending months of uncertainty over investment and a stand-off in the coalition government.

Trade body RenewableUK welcomed the announcement, saying it will stimulate at least £40 billion of investment from the private sector.

RenewableUK chief executive Maria McCaffery said the announcement showed clear evidence that the Treasury and the Department for Energy and Climate Change are in step and provides industry with the assurance it has been asking for.

"This blows the last few months of political infighting completely out of the water," she said.

The industry had been alarmed by a series of anti-wind comments from new junior minister for energy John Hayes.

However, the government has decided not to include a decarbonisation target for 2030 in the bill. It will consider this again in 2016, after the next election.

More details of support for renewables will be laid out in legislation to be published next week. The Energy Bill will outline major reform of the electricity market to boost low carbon generation, including a new support mechanism for renewables.

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