Renewable energy investors in UK face much greater risks when investing in wood waste, biomass industry than in other forms of alternative energy, with future of biomass industry uncertain, say speakers at Wood Recyclers' Assn. conference on Nov. 20
November 22, 2013
– Renewable energy investors in the UK face much greater risks when investing in the wood waste and biomass industry in comparison to other forms of alternative energy, said independent consultant Adrian Judge at the Wood Recyclers’ Association’s (WRA) Conference and Awards in Coventry, England,
on Nov. 20, letsrecycle.com reported on Nov. 22.
Both rising domestic energy prices and the difficult economy have contributed to making the UK’s wood waste and biomass industry a not necessarily attractive investment opportunity, Judge noted during a session chaired by WRA Chairman Andy Hill.
Waste and biomass developments were pushed to the back of the line in terms of investment by the Department for Environment, Food & Rural Affairs’ (DEFRA) decision to cut back in waste activities, said Judge. The future of the wood recycling market will be hard to predict, and the winners will be those who are able to adapt with the market, he added.
The continuing uncertainty surrounding the waste wood energy market is making it hard to attract investors, said independent energy and biomass consultant Neil Bailey, noting that fierce local opposition to some proposed biomass facilities have hindered development.
The WRA is the official trade association for the British wood-recycling sector.
The primary source of this article is letsrecycle.com, London, England, on Nov. 20, 2013.