Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      ‘Very concerned’: City watchdog scolds motor finance lenders over £9bn redress scheme

      FCA sign

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Dallas, Boston, New York New Jersey: Inside England’s Fifa World Cup stadiums

      Getty Images logo against a sleek, modern background, representing the influence of media in the business world

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Glengarry Glen Ross at the Old Vic fails to close

      Glengarry Glen Ross production at Old Vic Theatre showcasing intense business negotiations and dramatic performances

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 19 March 2023 7:00 am  |  Updated:  Monday 20 March 2023 9:56 am

‘They have not done anything’: Hunt slammed for failing to back solar energy in Budget

By: Nicholas Earl

Add as a preferred source on Google
The UK risks undermining investor confidence in the solar industry through its clampdown on farmland projects
The UK risks undermining investor confidence in the solar industry through its clampdown on farmland projects

The government should have prioritised ramping up renewables such as solar power instead of pledging £20bn to carbon capture, usage and storage, argued energy bosses, industry bodies and think tanks.

Nigel Pocklington, chief executive of supplier Good Energy told CityAM that CCUS had a role in the path to net zero, even if it was sometimes used as a “fig leaf for maintaining fossil fuel interests longer.”

However, he criticised the comparative lack of policies and funding in the Budget towards reviving onshore wind and boosting solar power – an increasingly gaping issue with the government targeting a fivefold increase in generation from 14GW to 70GW by 2035 as part of its energy security strategy.

Pocklington said: “What we need to do is double-down on the increase in renewable generation capacity. We could finally do something about the onshore wind conundrum and continue to push for a massive rollout of solar capabilities.”

In particular, he criticised Chancellor Jeremy Hunt for taking credit for “fixing the roof while the sun is shining.”

Hunt told the House of Commons there had been a 90 per cent boost in solar power installations over the past 13 years – even though this is a rate comparable and even below rival developed economies.

“It’s all very good boasting about it, but all the current administration has done is cancel the feed in tariff scheme. They’ve not particularly played a role in what I would say is commercially driven growth. I can’t really put my hands on much detail on solar policy,” Pocklington explained.

Solar panel installations are on the rise again, but no thanks to government policy – argues Pocklington (Source: MCS Data Dashboard)

Alongside rebuking Hunt, he criticised former Prime Minister Liz Truss’ push for a clampdown on solar farms last year, and Prime Minister Rishi Sunak’s initial hesitancy towards the technology.

Pocklington said: “They have not done anything to encourage solar, and the governing party spent last summer having an election where the two leadership candidates competed to tell everyone how ugly they thought solar panels were. “

Solar panel installations are rising in the UK, with over 16,000 connected to the grid in each of the past two months, according to data from the MCS dashboard.

Good Energy has been installing solar panels as part of its push to encourage a green lifestyle among its customers, with Pocklington revealing he has seen a lot of growth, but it’s not being driven by policy.

Read more

Upgrading the grid risks ending up like HS2

Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.

Instead, Pocklington argued it is being “driven by a combination of high energy prices and the reduced cost of installation.”

Industry body pushes for grid reform

Meanwhile, industry body Solar Energy UK raised concerns over the lack of policy in the Budget to address creaking nature of the UK’s electricity grid, with a massive boost in electrification and transmission cabling required to reach the country’s energy ambitions.

It described this described as “the biggest impediment to massive private sector investment in larger scale rooftop and ground-mounted solar systems.”

Chief executive Chris Hewett said: “Yesterday’s Budget was out of step with the mainstream trends in the global energy transition, where investment is pouring into solar, wind and energy storage. The Chancellor appeared to conclude ‘Job done on renewables, now we will focus on CCS and nuclear.’ He’s quite wrong. The country is in dire need of public and private investment into reinforcing the transmission and distribution grids.”

Energy SourceGeneration TargetTarget Date
Offshore Wind12GW50GW2030
Solar14GW70GW2035
Nuclear7GW24GW2050
Hydrogen<1GW10GW2030
The UK’s energy security targets include a vast ramp up of solar power

He warned the slow pace of upgrading the grid is pushing the expected completion of key solar projects well into the next decade.

Hewett further warned the sector was “suffering from having no investment allowance under the Electricity Generator Levy” in contrast to the “benefits showered on the oil and gas industry” as part of the windfall tax.

Environmental think tank Green Alliance has also raised questions over the lack of reforms to the investment climate.

Stuart Dossett, senior policy adviser, said: “Oil and gas companies have an investment allowance in the windfall tax, renewables don’t in their profits levy. We can and should be building renewables quickly to bring down energy bills, increase energy security and achieve net zero.”

When approached for comment, a Department for Energy Security and Net Zero spokesperson said: “Solar is a UK success story, with over 99 per cent of the UK’s solar PV capacity deployed since 2010 and over a million homes with solar PV installed.

“The government has set the expectation for a fivefold increase in solar deployment by 2035. We are supporting this through a range of measures including a new capital allowance scheme, which will apply to solar technologies, announced this week in the Budget.”

Read more

No ‘capacity’ for Ed Miliband’s warm homes plan, says British bank boss

Breaking news coverage in a general news article, highlighting current events and important developments

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Energy

Related Topics

  • Energy
  • Green energy
  • renewable energy
  • solar power

Trending Articles

  • Who could be Andy Burnham’s Chancellor? 

  • As it happened: FTSE 100 finishes higher as US-Iran talks progress and Starmer resigns; Space X shares fall after bond sale

  • Starmer will resign, Trump says

  • Coca-Cola brings in restructuring lineup over failed Costa sale

  • Ocado to replace founder Steiner as shares plunge 

More from CityAM

  • Upgrading the grid risks ending up like HS2

    Opinion
    Electricity grid infrastructure with high-voltage power lines and pylons under a clear sky, representing energy distribution.
  • No ‘capacity’ for Ed Miliband’s warm homes plan, says British bank boss

    Property
    Breaking news coverage in a general news article, highlighting current events and important developments
  • Type One Energy Appoints Bernard Looney to Board of Directors

    Business Wire
  • Revolut price tag ‘just a stepping stone’ to a trillion, says Fuse boss

    Fintech
    Revolut office interior showcasing modern workspace design with collaborative areas and tech-savvy workstations
  • Reeves warned Iran war oil shock will lead to government borrowing spike

    Economics
    Rachel Reeves speaking at an IOD event.
  • Rehlko and Liebherr Partner on Strategic Capacity Expansion to Support Accelerating Data Center Demand for Resilient Power Solutions

    Business Wire
  • SpaceX is preparing for blast off, but will the mega IPO send investors into orbit?

    Markets
    SpaceX Falcon 9 rocket launching into a clear sky during May 2026 mission, showcasing advanced aerospace technology
  • Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’

    Politics
    Wes Streeting, British politician, delivering a speech at a press conference with a focused expression and engaging the au...

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies