Growth in independent renewable projects has flatlined in the wake of deep and sudden subsidy cuts, according to SmartestEnergy’s fifth annual Energy Entrepreneurs Report.

Energy entrepreneurs are now turning to the storage sector because commercial UK battery capacity could increase as much as a hundred times by 2020.

Independent generators have invested £2.75 billion in more than 6,400 renewable projects with a combined capacity of 12.75GW. Nearly two-thirds of independent renewable generation, 8GW, has been built in the past four years.