The announcement earlier this month that one of the small and medium wind industry’s best-known companies, Gaia-Wind, was going into liquidation is the starkest warning yet that the renewable energy sector urgently needs action by government on the Feed-in Tariff (FiT). This iconic company, based in Glasgow since 2011, has manufactured nearly 2,000 small wind turbines for the UK market as well as exporting globally – most notably to Tonga, where the Prime Minister switched on the kingdom’s first turbine in 2013. Gaia-Wind was a reference point for the sector, constantly cited as a great example of a company punching above its weight in the global arena, run by entrepreneurs employing a dozen highly-skilled workers. But Gaia-Wind is now just one of a number of UK companies working in the renewable energy sector facing an uncertain future due to government inaction over the Feed-in Tariff scheme. The FiTs is due to close to new applicants just one year from now, but there is no sign from government about what, if anything, will replace it. This is a problem for companies trying to plan for the future of their business. Gaia-Wind may prove to be the tip of the iceberg as innovative UK companies, tired of waiting, pack up or move abroad.
Business Green 5th April 2018 read more »