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.

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. 

14 September 2022
Join us in London for 2 days as we look at the UK’s new landscape for utility & rooftop solar. Understand the new opportunities within this GW-plus annual market!
29 November 2022
PV ModuleTech EMEA in Madrid on 29-30 November 2022 will address the factors underpinning the changing PV module landscape, gathering together all the key stakeholders across the value-chain from module production to field testing. Join us for presentations from the leading players in the sector, clearly identifying the opportunities and challenges set to impact module supply to Europe and the Middle-East over the next few years.

Read Next

August 11, 2022
Finlay Colville, Solar Media's head of market research, lays out the UK's path to achieving 40GW+ of solar PV by 2030 after rebounding from recent headwinds in its solar sector
August 2, 2022
The building-integrated PV (BIPV) market is expected to reach US$94.4 billion by 2031, up from US$11.7 billion recorded in 2021.
July 29, 2022
Supply traceability firm Clean Energy Associates (CEA) has been acquired by British testing, quality assurance and certification company Intertek as it looks to provide Total Quality Assurance (TQA) solutions for solar PV and energy storage products.
July 28, 2022
Iberdrola has recorded a profit of €2.07 billion in H1 2022 with strong performances in its international business offsetting adverse results in Spain.
July 27, 2022
Microinverter supplier Enphase Energy almost doubled its Q2 2022 revenue year-on-year as homeowner demand for self-consumption increases on the back of rising energy prices.
July 21, 2022
Nearly 40GW of solar PV will be rolled out across Europe by the end of the year, according to SolarPower Europe (SPE), as the continent scrambles to deploy renewables and wean itself off Russian gas.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
September 7, 2022
15:30 AEST (UTC +10)
Solar Media Events
September 14, 2022
London
Solar Media Events
October 4, 2022
New York, USA
Solar Media Events
October 11, 2022
Virtual event