UK Budget: Industry ‘disappointed’ by absence of solar, storage measures

Facebook
Twitter
LinkedIn
Reddit
Email
New UK chancellor Rishi Sunak presenting the Budget in London on Wednesday 11 January. Image: HM Treasury.

Solar is once again absent from the UK Budget, with the latest proposals sidestepping renewables even as they pledge a funding boost for electric vehicles (EVs), nuclear and carbon capture technologies.

Chancellor Rishi Sunak – just a month into the job following prime minister Boris Johnson's cabinet reshuffle in February – presented the nation's Budget on Wednesday 11 March, under the shadow of the COVID-19 (coronavirus) outbreak.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The proposals unveiled from the chancellor's fabled red briefcase saw carbon capture and storage (CCS) and nuclear fusion receive funding commitments, with £800 million (US$1 billion) pledged to establish two or more CCS clusters and R&D funding promised for nuclear fusion.

Solar and energy storage were both conspicuously missing, however. There was a solitary mention of the drops seen with solar technology costs and a prediction that onshore wind, offshore wind and solar together are likely to be the UK’s primary source of electricity in the future, but no announcements made.

Some within the UK energy community reacted by warning about the Budget's lack of climate focus, with Renewable Energy Association chief executive Dr Nina Skorupska arguing the proposals “do not make the strides needed to fully unleash the potential of the sector and pave the way to net zero”.

See below for a compilation of UK Budget coverage by PV Tech's sister titles Solar Power Portal and Current±, with stories from deputy editor Molly Lempriere and reporter Alice Grundy. 

21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 23, 2025
US-based microinverter manufacturer Enphase Energy saw a decline of two percentage points in its gross margin for Q2 2025 due to Donald Trump's “reciprocal” tariffs regime.
Premium
July 23, 2025
Analysis: Import taxes and other policy barriers are creating an affordability crisis in off-grid solar that threatens Africa's electrification goals.
July 22, 2025
Statkraft has posted quarter-on-quarter declines in electricity generation and earnings in the second quarter of this year.
July 21, 2025
Enfinity Global has sold a 49% equity interest in its 402MW portfolio of solar plants in Italy to the SOFAZ.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
Premium
July 18, 2025
Inside the European Solar Academy's steps to equip Europe’s workforce with necessary skills as it approaches its first anniversary.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK