Wednesday, 24 May 2023

UK bureaucracy holding back renewable investments, #AbuDhabi power boss says | Financial Times

UK bureaucracy holding back renewable investments, Abu Dhabi power boss says | Financial Times


Slow grid connections and delays over the issuing of permits risk holding back the development of renewable energy in the UK and further afield, the boss of Abu Dhabi renewable energy group Masdar has warned. 

Mohamed Al Ramahi, chief executive of the state-backed company, said the group faced a struggle to “execute as fast as we want to” as it eyes new wind, solar and battery projects around the world. 

His comments echo other developers, such as National Grid, that have warned about practical and bureaucratic hurdles getting in the way of new infrastructure such as electricity cables and wind turbines. 

Masdar has set a target of growing its portfolio of clean energy projects from 20GW at the end of last year to 100GW by 2030 — potentially enough to power as many as 100mn homes.

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