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UK Green Investment Falls 56% As Govt Subsidies End

May 4, 2018

More spin from the renewable lobby:

Law firm TLT report says market adapting to government policy changes

UK green investment 'falls 56%' image02/05/2018

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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8 Comments
  1. Athelstan permalink
    May 4, 2018 10:33 pm

    Equality & diversity
    About Us> Corporate Social Responsibility> Equality & diversity

    We encourage diversity within the firm and our equal opportunities and diversity agendas are comprehensive, fully communicated and implemented to every employee.

    Regular equality monitoring ensures that we’re aware of the diverse profile of our employees and that our policies, procedures and working environment reflect what’s important to our people. Rather than simply collecting numbers, we use this information to plan our annual objectives in respect of equality, diversity and inclusion.

    We adopt an Equality Impact Assessment (EqIA) process for any decisions that are likely to impact on employees, clients or service providers to ensure that equality is at the heart of any changes.

    We have a staff-led equality forum, including senior management, that brings together employees and partners from around the firm. The forum plan events, training and hold discussions ensuring that TLT remains an open, welcoming and understanding environment for everyone in the firm, clients, potential employees and suppliers.

    The forum discusses protected characteristics and other considerations including addiction, age, disability, gender, gender reassignment, health, marriage and civil partnerships, pregnancy and maternity, race, religion and belief, sexual orientation and socio-economic background.

    Our equality and diversity initiatives are fully integrated with our HR policies, including in recruitment, training and promotion, to ensure that career development and rewards are based solely on merit and any risk of discrimination is eliminated.

    In addition to the Two-Tick Disability Symbol, the accreditations that we hold confirm our commitment – these include the Deaf Law Quality Mark, awarded in 2013 and the Large Employer’s award for our approach to employing disabled people, awarded by Action on Disability & Work UK.

    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.

  2. markl permalink
    May 5, 2018 3:32 am

    “… market adapting to government policy changes….” Is another way of saying people aren’t investing in Green energy without subsidies.

    • May 5, 2018 9:33 am

      “… 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!

  3. Graeme No.3 permalink
    May 5, 2018 4:33 am

    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.

  4. May 5, 2018 6:08 am

    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/

  5. dennisambler permalink
    May 5, 2018 10:19 am

    Read and weep…

    http://www.ukpol.co.uk/claire-perry-2018-speech-on-climate-change/

  6. Rudolph Hucker permalink
    May 5, 2018 1:29 pm

    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?

  7. Nigel S permalink
    May 6, 2018 6:17 am

    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/

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