Renewable developers who have been awarded the Contracts for Difference (CfDs) have doubts about the delivery of their projects.
That’s the view of Doug Parr, Policy Director at Greenpeace UK who told ELN: “I think we see the government is still committed to the CfD policy framework. What I think there is a doubt about is the amount of money that is available to fund the CfD policy.
“I think there is a lot of uncertainty among renewable developers and elsewhere wondering whether actually the projects they’ve been bringing forward in the pipeline have any chance of being delivered.”
Mr Parr believes changes announced by the government recently could hinder investment in green projects.
Speaking at the Electricity Market Reform (EMR) conference in London today, he added: “We’re now just waiting for the government to come out with some kind of explanation as to what they’re going to do because as things stand, almost everybody is going to just stop because of that and because of other changes like the Chancellor’s alteration to the Climate Change Levy exemption for renewables.”
According to Mr Parr, the CfD scheme has not achieved its goals as there isn’t enough clarity for developers and risks including allocation and budget still exist.
He added the government needs to provide more information and be more transparent about how the renewable sector is going to work without subsidies.