Posted by: Rob Norris
Commenting on the Government's proposals to introduce Sustainable Industry Rewards (SIRs) from next year's Contracts for Difference (CfD) auction onwards (Allocation Round 7), RenewableUK's Markets Policy Analyst Nick Hibberd said:
"The Government's new system of Sustainable Industry Rewards fits into a much wider suite of measures to support the development of the UK's offshore wind supply chain which the sector is supportive of, including the Green Industries Growth Accelerator (GIGA) and the upcoming Industrial Growth Plan (IGP). We're pleased to see that the Government is continuing to consult with industry on the development of SIRs and note that several changes have already been made to the proposals since the last consultation which will improve the scheme for wind farm developers. We'd advise the Government to give this framework an ambitious budget in due course, to meet our shared objectives.
"If SIRs are implemented in the right way, we can grow our offshore wind supply chain throughout the UK, supporting new manufacturing, job creation, technical innovation and investment in skills. This will enable us to build new projects faster, deliver value for consumers, accelerate our transition to clean, low-cost power and strengthen Britian's energy security significantly.
"This initiative is particularly timely as the global offshore wind supply chain is constrained, so growing our industrial capability will place the UK in a strong position to sell our world-class goods and services here and abroad".
More details on the Government's plans to introduce Sustainable Industry Rewards are available here.
For further information, please contact:
Robert Norris, Head of Communications 07969 229 913 Robert.Norris@RenewableUK.com
Notes:
- RenewableUK's members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 490 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and to access export markets all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.
- RenewableUK's events programme is available here.
