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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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. 

3 November 2026
Málaga, Spain
Understanding technology and supplier selection for Europe’s utility-scale PV market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of PV module, inverter and battery supplier selection; product availability, technology offerings, supply chain traceability, quality assurance, factory auditing, system reliability, and supplier bankability.

Read Next

July 31, 2026
Australia's installed cost of utility-scale solar has not fallen at the pace required to reach the country's “ultra-low-cost solar” (UCLS) ambitions, despite continued progress in cell and module efficiency.
July 31, 2026
Queensland and Northern Territory have refused to back a national framework requiring large data centres to underwrite new renewable energy.
July 30, 2026
German chemical producer Wacker Chemie has recorded a significant decline in its earnings from polysilicon, due to the adverse market conditions in the solar sector.
July 30, 2026
Renewables supplied 42.1% of electricity generated across Australia's NEM in the three months to June 2026, a new quarterly high for Q2.
July 28, 2026
Nadara has secured €1.2 billion (US$1.36 billion) to refinance a 1.5GW operational renewable energy portfolio, including 13 solar projects.
July 27, 2026
A significant shift in PV inverter manufacturing is set to unfold, writes Solar Media Market Research's Mollie McCorkindale.

Upcoming Events

Solar Media Events
October 13, 2026
San Francisco Bay Area, USA
Solar Media Events
November 3, 2026
Málaga, Spain
Solar Media Events
November 24, 2026
Warsaw, Poland
Solar Media Events
April 20, 2027
Istanbul, Türkiye