STATEMENT: The Second AR7 Auction Results Show Clean Energy’s “Growing Strength”

Commenting on the second Allocation Round 7 (AR7) auction results for solar, onshore wind, and tidal power, UKSIF CEO James Alexander said:

“The results of the latest renewable power contracts for difference auction underline the growing strength of the UK’s evolution to clean energy.

“Scaling up low-carbon power generation is vital for attracting long-term investment and creating high-quality jobs in our country, while reducing the UK’s exposure to volatile global fossil-fuel markets.

“Recent planning law reforms have helped to address some of the persistent regulatory headwinds that have hampered the flow of private capital into onshore clean energy developments.

“But the government must continue to improve the predictability and credibility of the sector’s policy environment, so investors continue to have the confidence to finance major projects.”