British firms across the renewable energy sector have expressed major concerns over Contracts for Difference and other focal Government energy policies, according to a survey from the Renewable Energy Association (REA).
Out of 68 companies who responded to the REA’s survey, 51% thought that Contracts for Difference would not be effective in bringing forward new renewable power capacity.
In addition, 69% believed that the lack of an emissions target in the Energy Bill sent a ‘poor’ or ‘very poor’ signal to investors while only 4% believed the UK had a ‘good’ or ‘excellent’ chance of meeting its 2020 renewable energy target.
However, the survey demonstrated some short-term optimism with 62% of companies expecting employment levels to stay the same over the next six to twelve months, and twice as many firms expecting to see employment increasing, compared to those expecting a decrease.
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