The major players on the energy market are disappointed by George Osborne’s attempts to water down the Government’s green commitments. The 7 major companies in the game wrote a letter which was obtained by The Times, they warn that these unfortunate policies are seriously damaging the investment prospects in the UK.
The companies I am talking about are global corporations, electricity and nuclear technology related, between the 7 I have to mention Siemens, the German engineering giant, Alstom UK, Mitsubishi Power Systems and four other companies, which together employ 17,500 people in the British energy sector.
They told The Times that they will have to cut their investment plans in the future, millions of pounds in the next years because of the scale back in the green energy sector by the Government.
They said that they will have to “to re-assess the level of political risk in the UK.” And their future business plans and investments are ““critically dependent on a long-term policy framework.”
The letter was addressed to Ed Davey, signed by Siemens, Vestas, Gamesa, Alstom UK, Mitsubishi Power Systems, Doosan and Areva, states that :
“Historically the UK has benefitted from being known as a country with low political risk for energy investments. Undermining that reputation would have damaging consequences for the scale of future investments in the UK energy sector.”
They also ask for “a binding 2030 target for power sector decarbonisation.” Also, the industry giants propose a target that “would help reduce the political risk currently associated with long-term industrial investment.”
The future investments in the United Kingdom’s infrastructure from these industry giants were threatened by the Chancellor’s support for gas development and also by the disregard of environmental policies which were altered by the cuts to the feed-in tariff scheme of the solar industry.
It’s true that Mr. Osborne, at a Conservative Party Conference, engaged himself in “opening up the shale gas reserves” underneath the UK by offering “a generous new tax regime for shale gas in the UK.”
Mr. Gaynor Hartnell, Chief Executive of the REA, made the following statement regarding this new policy :
“It is now or never for the Coalition Government. We have the resource potential and engineering and financial expertise to be a global leader in renewables – but a lack of clarity from Government risks leaving us stuck at the back of the pack.
“Mainstream businesses, from our supermarkets to the big blue chip tech firms, know that renewables are the way forward for UK plc. This is not about saving the planet, it’s about businesses planning for the future and maintaining their competitiveness in the 21st century.”
For more information and news about solar energies in the UK, you may visit here anytime:
http://www.solar-energy.co.uk/
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