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RenewableUK recommends actions to improve investment in UK energy

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Ahead of the Spring Budget scheduled for 15 March, RenewableUK has published a report detailing actions the UK Government could take to ensure that the UK remains a desirable target for private investment in new clean energy projects amid increasing competition globally. In an accompanying release issued on Monday 20 February, RenewableUK states that as the US and EU are improving policy and regulatory environments for investors, the UK must similarly offer fiscal incentives for developers and supply chain companies.

Recommendations include a streamlining of the planning process to allow key infrastructure projects to progress at a faster rate, setting sustainable prices for renewable electricity, and reforming Contracts for Difference auctions to enable the development of the future renewables pipeline.

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