Policy changes push UK out of top 10 green table
Source: Energy Live News
The UK has missed its spot among the top 10 most attractive countries for renewable energy investment for the first time.
It follows the “earlier than expected” reduction in subsidy support and “inconsistencies surrounding the UK’s energy policy”, according to EY.
Its latest Renewable Energy Country Attractiveness Index (RECAI) revealed the UK fell to 11th place out of 40 markets for investors.
It claims 23 large-scale green projects representing around 2.7GW of energy have been abandoned this year alone. Analysts believe this has left “a question mark over the long-term future for the UK’s renewable sector”.