“A lot of regulatory and political uncertainty within the UK over the last 12 to 18 months has led to increased international competition for renewables,” said Adam Berman, deputy director of policy at Energy UK.
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.
Octopus Energy has announced it will invest €1 billion into the French green energy market over the next two years, as the energy supplier plans to make Paris its EU technology hub.
Octopus Energy has called for the end of the use of coal as a backup energy source, as the ESO activates its contingency coal units for the first time this winter.