Reform UK's proposal to eliminate public subsidies for wind and solar projects has alarmed Britain's green energy industry, which claims it threatens jobs and energy costs. The party's deputy leader Richard Tice informed developers that any contracts obtained in the upcoming subsidy auction would be at risk, stating there is no public mandate for the clean energy transition. Industry leaders argue that this stance could harm the sector and lead to higher energy bills due to increased reliance on volatile global gas markets. Investors view the potential of the renewable sector as significant, contrary to political opposition.
Reform UK's threat to strip public subsidies for wind and solar projects risks undermining Britain's green energy industry and threatens the prospects of clean energy jobs.
Developers seeking a subsidy contract in the upcoming auction should do so at their own risk, as Reform UK plans to void all contracts if in power.
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