RenewableUK, leading renewable energy trade body, is upping the ante before lawmakers to support the passage of a new Energy Bill for the country that outlines a greater share of cleaner, renewable power generation.
New financial guidelines are also part of the Bill that promises better value-for-money for consumers.
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In its efforts to convince lawmakers, RenewableUK chief executive Maria McCaffery and deputy chief executive Maf Smith deposed before the Energy Bill Committee of the UK House of Commons and highlighted various issues that need to be addressed before the passage of the Bill.
"Outstanding elements of the Bill need urgent attention. There’s a real sense within the industry of being on the cusp of making final decisions on investments.
"We’ve seen half a dozen turbine manufacturers committing between half a billion and a billion pounds in total to open factories, but the pledges remain pledges.
"To get them converted into financial commitments, to see the foundations of factories being laid, and begin the recruitment of workers, we need definition and clarity around the Energy Bill," elaborated McCaffery.
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By GlobalDataBoth the UK government and the trade body agree on the importance of the Bill to secure new investments for the sector and meet the legally-binding carbon reduction targets for the country.
