The UK has experienced a “marked slowdown” in clean energy investment ahead of its planned departure from the EU, according to the latest Renewable Energy Country Attractiveness Index (RECAI) from consultancy giant EY. As a result the UK fell one place to eighth in the bi-annual global index, which ranks 40 countries based on the attractiveness of their clean energy markets to investors.

Business Green 7th Nov 2018 read more »

Having recently enjoyed a climb back up the rankings, looming Brexit uncertainty has sent the UK sliding down EY’s Renewable Energy Country Attractiveness Index (RECAI). The Q3 2018 edition of the quarterly table, which charts 40 countries’ attractiveness as a destination for renewables investment, places the UK eighth, falling one rung from its previous seventh position. Consultancy giant EY has attributed this to uncertainty surrounding the country’s ongoing Brexit negotiations, with many in the power sector considering that a no-deal Brexit could impact electricity exports and the cost of technology imports.

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What’s going on? One day there is heartening news UK renewable energy capacity has overtaken fossil fuel capacity for the first time. The next we hear that despite ever lower renewables costs UK clean energy investment fell 46 per cent in the third quarter of the year, as concerns over Brexit started to bite. This juxtaposition is indicative of a host of wider challenges being faced by the clean energy sector. It will also further fuel fears that the rapid low carbon transition that has made the UK the fastest decarbonising economy in the G7 in recent years is starting to falter.

Business Green 8th Nov 2018 read more »


Published: 8 November 2018