A few weeks ago I attended a roundtable discussion with Andrea Leadsom MP, energy minister at the Department of Energy and Climate Change, perhaps better known these days for her dashed Prime Ministerial ambitions. I was interested to hear what comfort Ms Leadsom could provide to renewables investors in view of the unknown political landscape for the sector.
Of course, comfort for renewables has been rather thin on the ground recently. Brexit aside, over the last year or so, the UK’s renewables sector has experienced a period of deep uncertainty. It’s probably fair to say that the current Tory government has so far been a lukewarm friend at best to this sector. Twelve policy decisions in the last six months of 2015 removing various incentives took the industry by surprise; the predictable end result being a nosedive in investor confidence. Continue reading