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U.K. Signals Effort to Scrap Barriers Blocking Renewable Energy

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July 5 (Bloomberg) -- The U.K. government indicated it’s looking for ways to knock down hurdles blocking renewable energy developments, part of an effort to attract 110 billion pounds ($171 billion) in low-carbon investment.

The Department of Energy and Climate Change asked the industry to provide evidence about what barriers it faces in reaching power-sales agreements with utilities, noting that some generators were reporting more unfavorable terms.

“The government would also like to see a diverse electricity market with reduced barriers for new entrants, and renewable developers are an important part of this,” the department said in a statement released on its website in London today.

Companies have until Aug. 16 to provide evidence, which will help shape energy legislation published in a draft form on May 22. Parliament will consider proposed rules later this year.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net