BMI View: The future of the country’s power sector is largely dependent on nuclear and renewables, although gas has a key role to play over the medium term, as it will help reduce reliance on coal in electricity generation. Solar power use has soared thanks to an over-generous subsidy scheme, which has now been revised in order to deliver more modest but sustainable growth. However, an increasing level of uncertainty within the country’s renewable regulatory framework, with the Government threatening further cuts in subsidies for the sector, risks deterring potential investors. As such, we anticipate sluggish growth across the majority …
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