The UK can become a top European destination for green energy investment - but only if the Government provides clarity and consistency by getting its electricity market reform right, says 'Green Power 2011', the annual survey of global renewable energy mergers and acquisitions by consultants KPMG.
Highlighting the hot spots and drivers of deal activity around the world, the survey reveals that 75 per cent of respondents would have invested more in the UK over the last three years if regulation and legislation had been clearer and more consistent, an indication of the extent to which investment is being constrained.
KPMG says that at a time when debt-laden European countries are facing government stimulus being reined back or curtailed, the survey's findings confirm that these countries will not be able to rely on trans-continental investment to plug their domestic renewable energy funding gaps without additional steps such as EMR in the UK.
In 2010, biomass was found to be the most compelling renewable energy sector with over 45 per cent of respondents intending to invest, followed by solar (39 per cent) and onshore wind (30 per cent).
EVENTS & EDUCATION
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MACHINERY & PRODUCTION PROCESSES
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BUILDINGS & FACILITIES
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VEHICLES & TRANSPORT
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ENERGY PROCUREMENT & MANAGEMENT
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FUNDING & FINANCE
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LEGISLATION, REGULATION & STANDARDS
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