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Budget spells missed opportunity for renewables, says REA

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Responding today’s government Budget announcement by chancellor George Osborne, the Renewable Energy Association’s chief executive Nina Skorupska, said:

“We welcome the government’s ambition and willingness to invest in renewable energy infrastructure confirmed in today’s Budget. The procurement of renewable energy is crucial to meet the UK’s legally binding energy targets in a cost-effective manner, improving energy security and delivering skilled jobs and inward investment.

“However, our members will feel strongly that there was a missed opportunity to spread this commitment more widely to renewable power generation and renewable heat – both of which would thrive under a more stable regulatory framework which is fairer to smaller suppliers.

“We challenge the next government to level the playing field for emerging technologies and create a policy framework which provides long-term certainty for investors.”