According to a recent statement from the CEO of energy company SSE, the UK must be mindful not to scare off investors with its planned energy reforms to attract funding for transition to a greener future.
The UK now aims to install up to 50 gigawatts worth of offshore wind power by the year 2030, rising from its present 13-gigawatt capacity, as part of its concerted effort to meet the net zero emission target by 2050.
Furthermore, Britain is also looking at more ways of altering its current electricity markets to reflect the associated costs of generating power more accurately.
At a recent sustainability conference held in London called IMPACT, CEO Alistair Phillips-Davies commented:
“Whatever we do in the short term, we must be careful not to spook investors and not make people think there are new risks in the UK market that weren’t there before.”
UK investors considering assets in the energy sector often look for expert investment advice in Shropshire, London and other parts of the country. As independent financial advisors, wealth managers are often relied upon to give a professional and unbiased opinion of potential assets and guidance on whether they are suitable for an investment portfolio.
Phillips-Davies added that SSE remained dedicated to its investment of up to 25 billion pounds in UK energy infrastructure over the next 10 years. This considerable outlay will include both hydro-electric and wind projects. The CEO commented that the UK is facing a gas problem and every time a new wind turbine is installed, the country is less reliant on the fossil fuel.
