Budget of limited significance for Renewables, but Huhne flags key issue

In response to the Budget today, REA’s Chief Executive Gaynor Hartnell said:

"Unfortunately, there was nothing really significant in the budget to alleviate growing anxiety about the pace of delivery across the UK renewables industry.  Renewables presents such a growth opportunity, it’s a shame not to see Britain not seizing on this agenda as a means of pulling the country out of recession.  Globally, renewables grew more rapidly than established energy technologies last year.”

"The Green Investment Bank announcement is welcome, but of limited early value given the very long delay before it can raise revenue."

"However, Chris Huhne's comments to the Scottish renewables industry yesterday were heartening news. We welcome the clear statement that technologies further away from commercialisation can expect more support when Electricity Market Reform takes place.  This approach is critical to unlocking a much more diverse renewables sector, including not only wave and tidal, but also deep geothermal and many others.”

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