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Top stories today (£): 💰 Losing investors at PR24 could have consequences beyond water https://lnkd.in/epAPvWJq A major UK infrastructure investor has warned that failing to keep the investment community on-side at PR24 puts wider infrastructure investment at risk, beyond just water. The investor – which holds a stake in a UK water company – told Utility Week that Ofwat’s current stance on equity in its draft determinations risks a “fundamental loss of confidence” in wider UK infrastructure investment. They were speaking following a meeting hosted by environment secretary Rt Hon Steve Reed OBE MP, which brought together investors which hold an estimated £2 trillion worth of available funds.   ♒ Government vows to address £45bn waterway funding gap https://lnkd.in/ebC9HBcu The government has vowed to address a £45 billion funding gap which puts the country at risk of missing a string of legally binding targets. Without the funding commitment, The Office for Environmental Protection (OEP) has warned that England will fail to meet targets agreed to under the European Commission’s Water Framework Directive “by a considerable margin”. In response to the watchdog’s stark warning, the government said it “accepts that not enough progress has been made in meeting the Framework’s objective for water quality, to restore water bodies to good ecological status or good ecological potential”.   💹 CfD budgets could stretch further with more realistic assumptions https://lnkd.in/e474JfXR The government has been urged to adopt more realistic parameters for Contracts for Difference (CfD) auctions to make the budgets to stretch further. RenewableUK said the assumptions for market reference prices and load factors in recent auctions have become increasingly unrealistic, making bids appear more expensive than they are actually likely to be.

Losing investors at PR24 could have consequences beyond water - Utility Week

Losing investors at PR24 could have consequences beyond water - Utility Week

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