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Warning of energy projects put at risk by investor uncertainty

Plans to revise subsidies for generating renewable electricity could put more than 70 energy infrastructure projects at risk endangering 24,000 jobs, an industry body has warned.

The Renewable Energy Association (REA) said the lack of discussion or warning around the Government’s proposed changes has created uncertainty for investors of such projects.

Changes are proposed to the banding for Advanced Conversion Technologies (ACT) including gasification and pyrolysis.

The REA was responding to the Department of Energy and Climate Change’s (DECC) Renewables Obligation (RO) banding review consultation that has now closed.

The REA estimated that projects at risk represented a capital value of about £3.6bn and an estimated energy generation total in excess of 800MW.

It put 3,000 operation jobs at risk alongside 14,500 jobs in construction, plus 6,500 spread across transport, admin and manufacturing.

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