Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.
The National Audit Office (NAO) has called on the Department of Energy Security and Net Zero (DESNZ) to review plans to achieve its offshore wind and nuclear power expansion within the next 12 months.
The UK’s offshore wind pipeline is set to reach 100GW in the coming months but has lost out on the top spot for installed capacity to China, according to RenewableUK.
RenewableUK has confirmed that across the entirety of 2022, only two small onshore wind turbines had been developed across England despite “record-breaking” year for offshore wind.
The Welsh Government has launched its first public consultation on a target to deliver 100% of its electricity needs from green energy by 2035 with an extra proposal to target at least 1.5GW of renewable capacity from local sources, excluding heat pumps.
A new poll commissioned by pro-growth campaign group, Britain Remade, showed that 85% of people living in the North East support having onshore wind in their community.
Following the culmination of its Offshore Wind Leasing Round 4, The Crown Estate has signed Agreements for Lease for six offshore wind projects with the potential to generate approximately 8GW of renewable energy.
Ireland is set to benefit from a new agreement between Statkraft and investment management firm Copenhagen Infrastructure Partner (CIP) in which up to 2.2GW of offshore wind will be developed in the nation.
Consumers based in Northern Ireland were able to avoid paying a collective total of £500 million thanks to the nation’s wind farms having provided 42% of electricity for the year.
