UK Green Investment Falls 56% As Govt Subsidies End
More spin from the renewable lobby:
Law firm TLT report says market adapting to government policy changes
Green energy investments fell 56% in 2017 on the back of government policy changes ending onshore wind and solar subsidies, according to a report from law firm TLT.
The ‘Clean Energy Investment Trends 2018’ report said that despite the policy change investment interest in UK renewables remains strong as the market adapts to a post-subsidy world.
Diversification of portfolios was a growing trend last year, it added, with a 33% rise in offshore wind deals and increasing interest in alternative technologies, such as energy storage.
“This is likely to continue into 2018, particularly as the market looks towards multi-technology projects as a way of making subsidy free developments viable,” TLT said.
TLT head of energy and renewables Maria Connolly said: “With the end of onshore wind and solar subsidies, 2017 was a very significant year for clean energy technologies and this is reflected in the report’s findings.
“Despite the challenges, the clean energy market remained stable and began to adapt to the realities of the post-subsidies era.”
http://renews.biz/111015/uk-green-investment-falls-56/
As i have been reporting for some time, investment in renewable energy has been dropping off the proverbial cliff since govt subsidies ended last year for onshore wind and solar power.
So cue the renewable lobbyists to claim that “the market is adapting to govt policy changes”.
Apparently investment in offshore wind deals is increasing, which is hardly surprising, given that this is the main area still open to billion pound subsidies.
It hardly needs pointing out that the aforesaid “energy storage projects” also qualify for subsidies via Capacity Market Auctions, which are only necessary to provide standby capacity for intermittent renewables.
Why a law firm even needs a “Head of Energy and Renewabkes” tells us more about the reliability of the TLT report than anything I can add
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sigh
“to ensure that career development and rewards are based solely on merit”
Are they being deliberately ironic there, or is it just publlnd stupidity, either way, it tells you all you need to know about TLT.
TLT the very last people on earth you should need to consult on aught and on the green agenda.
this gem from Paul’s link:
“Diversification of portfolios was a growing trend last year, it added, with a 33% rise in offshore wind deals and increasing interest in alternative technologies, such as energy storage.W
I’ll construe.
TLT we are helping stiffing the consumer and taxpayer with our ruinable portfolios, even the lunacy of ‘energy storage’ can be treated as a further, extra! opportunity for the sharks and subsidy ticks to attach themselves to the public money body and suck the life out of the poor old Joe public – it’s such a wheeze! See ya all at the Hilton, for another slap up corporate din dins courtesy of the UK taxpayer – wot’s not to like? btw have you seen my new electrix merx!
love and kisses.
“… market adapting to government policy changes….” Is another way of saying people aren’t investing in Green energy without subsidies.
“… market adapting to government policy changes….”
By going bust, perhaps? If you depend on handouts from your customers and your customers say “no more”, the only way is out.
It doesn’t need a genius to work that out but only a PR person could put a positive spin on it.
I don’t think this farce is over yet but I’m increasingly optimistic that my grand-daughter will be spared the current lunacy. Though doubtless to replaced by a different one!
When Socialism fails there are always a few believers who still claim it wasn’t tried hard enough. Apparently Stalin’s millions of dead or Pol Pot doing away with one third of the population was a bit wishy washy for them.
In the same vein (and usually the same gullible believers) renewables never fail, it is just a matter of more money. Quite how adding expensive batteries to expensive wind power would generate cheaper electricity quite escapes me.
Meanwhile John Constable gives more information about the constraints payments scam that EdF Renewables are getting in to.
https://www.thegwpf.com/are-there-perverse-incentives-to-build-wind-in-scottish-waters/
Read and weep…
http://www.ukpol.co.uk/claire-perry-2018-speech-on-climate-change/
I remember in my youth, many years ago people were jailed for obtaining money under false pretences! How much longer can they get away with it?
A law firm needs a ‘Head of Energy and Renewables’ like RNLI needs a ‘Safeguarding Officer’ (ad. from Guardian of course).
https://jobs.theguardian.com/job/6720262/safeguarding-officer/