Recruiters in the energy sector are concerned over the funding for some of the large-scale projects.

The government’s energy minister, Mike O’Brien, expressed concerns over funding, but re-emphasized the target of 35% of all energy coming from renewable sources by 2020 (it currently stands at 5%).

“We are fully aware of the investment challenges facing some parts of the industry. We are examining how we can help ensure there is sufficient finance and other support available,” says O’Brien.

The Times recently reported Spanish-based energy company Iberdrola Renovables is cutting its UK investment by 40% this year.

Will Sharp, director of energy sector recuiter Connect Resourcing, told Recruiter:

“It is now unlikely that the private sector can provide the necessary funding and it is also unlikely that the government can contribute financially. We have already seen several large energy companies withdrawing from projects, which over the short to medium term can only adversely affect the initial recruitment predictions made for the renewables sector.”

Eric Rance, principle consultant at energy sector recruiter Oakfield Search, told Recruiter the volatility of the economy had effected developers in the sector who often rely upon a single investor.

However, Rance added the legislative commitments to renewable energy targets and general interest in the sector means recruitment levels would be sustained.