Market Research Reports has announced the addition of “United Kingdom Renewables Report Q3 2014” research report to their website, Digital Journal has reported.
Mixed messages continue to surface from the UK government about the future direction of the country’s renewable energy policy and Market Research Reports believe a great deal rests on the outcome of the election in May 2015.
Although Market Research Report believe the UK is on its way to successfully meeting its renewable targets, the longer-term growth prospects of the industry remain in doubt.
Confusion surrounding the new energy bill and the uncertain support mechanisms offered to renewable energy developers may dampen investor interest in the market.
The UK has pledged to derive 15% of its energy from renewable sources by 2020; with a government target for the power sector of 30% renewables share, owing to slower progress in the heat and transport sectors.
However, the post-2020 agenda is looking less clear after the European Commission announcement the proposed EU 2030 climate and energy targets in late January 2014.