Gareth Miller, CEO of Cornwall Insight has today, sent Claire Perry the MP Minister of State Department of Business, Energy and Industrial Strategy, a letter calling for the government to urgently re-examine its policy for mature and established renewable technologies and reconsider its stance on supporting grid-scale onshore wind and solar PV.
The letter and the accompanying report are signed by key industry organisations who not only recognise the need for change, but support Cornwall Insights proposed recommendation of a Contract for Difference (CfD) floor.
Gareth Miller, CEO of Cornwall Insight, said:
“It is imperative that an adequate new entry and repowering investment signal is sent to established onshore renewable technologies. Our recommendation of a CfD floor will allow the government to bridge the gap between their policy goals and what is being asked of the market. Crucially, it will do so with only a negligible risk of subsidy payments.
“The support for our proposal from a wide range of leading companies in the renewable energy sector demonstrates the real concern with the policy status quo, but also the creative mindset of a sector always searching for solutions to meet legitimate policy challenges.”
