The number of Independent renewable energy projects slump

The number of new independent renewable energy projects in the UK has fallen to its lowest level in five years as Government subsidies are reduced. It was expected that the number of new projects would reduce with less Government funding available, however, the sector has slowed dramatically.

The Government's feed-in tariff, which pays households and businesses that generate electricity by means that do not deplete natural resources, will end in 2019. This will make independent renewable energy projects even less appealing to households and businesses.

Although the independent portion of the UK’s renewable energy sector is slowing, large-scale renewable energy projects meant that the UK now takes 35% of its total energy from renewable sources. 2017 was also the UK’s greenest year on record and for the first time since the 1800’s, there were days that did not require any coal-generated electricity at all. The Government has already stated its ambition to cut out coal from the UK’s energy mix.

The signs are there for the UK to have a greener future, however, more work needs to be done to stimulate the independent portion of the market. Subsidies will not be sustainable in the long term; however, they may be needed in the short to medium term if the UK is to hit its renewable energy targets.