INDUSTRY NEWS 22.02.2016 – THE UK MUST TRY HARDER. The UK must try harder in the next 12 to 18 months to make its renewable energy market more attractive, according to EY.

In a February update to its renewable energy attractiveness index, EY said 2016 would be a make or break year for UK renewables, as well as several other countries including Australia, Greece, Italy, Poland and Spain.
In contrast, “rising stars” in renewable energy are Brazil, Chile, Egypt, India, Kenya, Mexico, Morocco, the Philippines, South Africa, Turkey and the USA.
These markets, said EY, show no signs of slowing down and continue to offer “far reaching energy investment opportunities”.

Mature and steady markets, which offer stable and attractive investment and deployment opportunities, include China, Finland, France, Germany, Sweden and Japan.
However, because these markets are mature they are also “increasingly saturated”, EY said.
Potential growth markets can be found in Algeria, Argentina, Bangladesh, Ethiopia, Indonesia, Iran, Nigeria, Thailand and Vietnam. The main reason these countries are “markets to watch” is their “sheer scale or energy imperative”.
Markets where opportunities have been slow to be realised or are unclear in the long term beyond specific technologies include Austria, Belgium, Denmark, Ireland, Netherlands, Norway, Romania, Russia, South Korea and Taiwan.

News released last week reveals that six renewable energy innovations primed for Government’s £500m nest egg. The Government’s £500m of allocated funds for green innovation could propel the UK into being a world-leader in energy generation, if the money is spent in key areas such as wave and tidal energy, low-carbon heat and energy storage. That’s according to Scotland’s renewable energy forum, Scottish Renewables, which today (17 February) released a new report that identifies six key innovation areas for the Government.
Priority areas
The report highlights six key priority areas for the £500m innovation funding: – 1. Wave and tidal energy – at which the UK already leads the world, Scottish Renewables says, with facilities like the European Marine Energy Centre in Orkney providing cutting-edge test opportunities.
2. Storage technologies – which can enable increased renewables capacity (by storing electricity at times of low demand) and provide a multitude of services to the management of our electricity system, as well as empowering communities and consumers.
3. Floating offshore wind – which could open huge areas of the world’s deepest oceans to green energy generation. The UK is eyeing a global lead already, and funds invested on innovation could cement that advantage.
4. Low-carbon heat – which accounts for 46% of UK energy demand, but of which only 4.9% was renewable in 2014. Decarbonising the sector will mean fully developing new technologies, supporting their large-scale deployment and integrating them into our wider energy system, according to Scottish Renewables.
5. Systems integration – thinking about our heat, transport and electricity sectors as one system will allow us to be ‘smarter’ in the way we use power and drive efficiencies, increase security and reduce costs.
6. Flexible networks – could, according to the Committee on Climate Change, help save consumers up to £3.5bn per year. Securing the technology to deliver what the CCC call “a more flexible power system” will require a range of technologies such as Active Network Management, demand-side response, storage and increased interconnection, all of which are yet to be fully developed.
For further reading and the report–500m-nest-egg/

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