Some of the North East’s largest renewable energy firms have expressed dismay over the government’s delay on announcing levels of financial support for the sector.
An announcement of the subsidy levels available under the Renewable Obligation Certificates (ROC) schemes had been expected in the Spring, but could now be delayed until September.
The stalling by the Government has been labelled as “immensely damaging” by the North East’s renewables industry group, Energi Coast, who represent some 6,500 workers employed within the sector.
Alex Dawson, chairman of Energi Coast, said: “Further delays to a government announcement will have a negative effect on any potential investment in the offshore wind market.
“We cannot afford the continued impact government indecision is having on investor and developer confidence, otherwise the potential for an industry that can become a key part of both the UK energy mix and the country’s economy will be severely diminished.”
The Renewable Energy Directive (RED) requires that Britain generates 15% of its energy consumption from renewable sources by 2020 and so heavy investment in the sector is required.