The UK's department of energy and climate change has been disbanded. The country’s energy policy will now be decided by a new department headed up by former communities minister Greg Clark, who has been appointed secretary of state for business, energy and industrial strategy.
A significant decline in the cost of PV modules and project construction, as well as a shift from small-scale projects to cheaper capex utility-scale projects, is a main driver for an clean energy investment slowdown in 2016, says Bloomberg News Energy Finance (BNEF).