Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.

RenewableUK has said that the £205 million budget for the latest Contract for Difference (CfD) auction – announced by the UK Government yesterday (16 March) – is “sending the wrong investment signals” to renewable energy investors.

UK law firm TLT and real estate consultancy Gerald Eve have stated that the UK’s net zero prospects are currently at risk due to the ongoing fight over land use.

The energy sector has criticised the lack of focus within the Spring Budget on the development of renewables, energy efficiency and infrastructure, despite some technology support.  

The Department of Energy Security and Net Zero (DESNZ) has asked National Grid ESO to explore the potential of extending the contingency coal contracts into next winter, but all five units will be unavailable.

The UK government’s 2030 target to have 300,000 public EV chargepoints installed could be in jeopardy due to unrealistic expectations from local authorities, says Liberty Charge.

Interim performance data released as part of the Electrification of Heat Demonstration Project (EoH), has shown that air source heat pumps (ASHPs) operate with high efficiency even in cold weather conditions, making the technology "a viable domestic retrofit solution three times more efficient than gas boilers."

EV manufacturer BYD has signed a memorandum of understanding (MoU) with Octopus Electric Vehicles to supply 5,000 new EVs over the next three years.

The UK Government has announced a £205 million budget for the fifth Contracts for Difference (CfD) funding round, which is the first auction to run annually.

Following the early announcement of the extension of the Energy Price Guarantee (EPG) at the current rate of £,2500 for three months, there were only a few key energy focused elements to the Spring Budget.