Reuters Events’ UK wind, solar builders seek urgent response to U.S., EU aid, is a round up of industry views on the implication of recent global legislative changes. The US’s Inflation Reduction act and the EU’s Green Deal Industrial Plan provide aid to the renewable supply chain. Other countries will have to assess their response. The article contains the views of Andy Strowbridge that local content requirements in the inflation act, combined with U.S. state wind auctions, are set to stimulate “entirely new offshore wind supply chains in the U.S,” and that “This combination of demand and supply has raised the fear that resources and investment will be floored in other markets.” Andy also added that Investments in manufacturing plans are long term decisions. There is an often febrile political atmosphere for any ‘green’ initiatives, especially in the US”.
You can read the story on full here: www.reutersevents.com/renewables/wind/uk-wind-solar-builders-seek-urgent-response-us-eu-aid