Woodford threatens to shun renewable energy on 'anti-equity culture'

Neil Woodford's Invesco Perpetual has threatened to shun UK renewable energy companies unless regulators increase the returns available to investors and provide greater certainty over future policy.

Invesco Perpetual - which holds more than £4.5bn in energy companies including National Grid, Centrica, United Utilities, SSE, Drax and International Power - warned it would not be willing to provide the future funding needed to meet the Government's green policies unless changes are made, the Times reports. Woodford said the views of investors were being ignored despite being asked to provide more money to support Britain's infrastructure. "Unless reforms to the electricity market are appropriately structured and give greater clarity and incentives around renewable investment, we wil...