UK has released its blueprint for an energy plan aimed at removing bottlenecks in renewable energy projects. This plan seeks to provide financial incentives as well as ease the technical and regulatory hurdles in development of renewable power projects. Prime Minister Gordon Brown anticipates generating 15% of total energy requirements from renewable sources by 2020 and further expects a tenfold increase in UK’s renewable power generating capacity. Business secretary John Hutton adds that such a huge increase in green power would aid reduction of carbon emissions, enhance UK’s competitiveness and create nearly 160,000 new jobs.
The key point of these measures is a proposed extension of renewable energy credits to encourage private investment in this sector, to the tune of nearly £100 billion .Notably, this plan even covers the hurdles in connection of the renewable power to the main grid system .Andy Lee, chairman of the Renewable Energy Association says “ The proposals appear to cover every aspect and they are taking a much wider view of the issues than has been the case in the past. The proposal for a simple feed-in tariff for onsite technologies is very welcome ”.
