While consumers and businesses are appalled by the soaring price of energy, the renewable-energy industry is looking beyond the next 18 months to a bright future. “Our cash generation from current power prices is huge,” admits Stephen Lilley, co-manager of the Greencoat UK Wind fund (LSE: UKW).
He and the rest of the sector are focusing on the inevitability of reform in an electricity market whose price is based on volatile wholesale gas prices. Lilley is relaxed about government intervention: “the build-out of offshore wind is so important that it will be fine”.
Consultants AFRY
