A survey released by the French certification company, Bureau Veritas, has shown that 9/10 of the 800 senior energy industry workers, leaders, and market experts have shown concern for their supply chains when faced with growth and diversification due to the rise of demand for renewables.
9/10 of the 800 senior energy industry workers,
leaders, and market experts have shown concern
for their supply chains.
The survey has shown that many of those surveyed believe that the energy industry and the government must fast track new innovative development, as this will be the most impactful when helping the energy industry to grow in a renewable direction. The government must help to accommodate this through regulations and laws that will quicken the transition to renewable energy use and help different industry sectors to decarbonise.
As we move towards a renewable future, many are worried that there will be a massive pressure placed on supply chains. With a large percentage within the survey agreeing. Renewable energy also needs new infrastructure, making those in the energy industry call to the government to help improve supply chain management, as well as making it easier to access raw materials and parts for their construction as the demand for these increases.
As we move towards a
renewable future, many are worried
that there will be a massive pressure
placed on supply chains.
Over a third of the companies surveyed have said that they are already being affected by this. Many have stated that business has slowed down due to fragile supply chains and the energy price crisis.
The UK Government are beginning to put plans in place to help companies within this industry through potential changes to the Contracts for Difference (CfD) auction scheme process. These changes could allow developers in renewable energy sector to be rewarded for benefitting the community, such as working with local suppliers.
There are concerns that the UK Government needs to do more, as the development of an offshore wind farm was put on hold as costs became a significant issue. This has caused others in this industry to look to the government to put interventions in place to increase trading and to alter the pricing structures.