If the UK had transitioned fully away from fossil fuels to renewable technologies it could have reduced the cost of energy bills in 2022 by around £1,750, the Energy and Climate Intelligence Unit (ECIU) has said.
As the UK’s renewable economy continues to grow, consultancy firm PwC stated that green jobs are currently growing at four times the rate of the overall UK employment market.
The Energy and Climate Intelligence Unit (ECIU) has estimated that the development of 45GW of onshore wind farms would take up 2.1% of the UK’s total land prompting calls to scale the renewable energy technology.
Octopus Energy, under its generation arm, has acquired UK solar developer Zestec Renewable Energy to support the rollout of solar on the roofs of British businesses.
Plans have been unveiled that will see the Irish energy grid directly connected to continental Europe for the first time via a 575km interconnector running through the Celtic Sea.
The Office of National Statistics (ONS) has showcased the impact of the energy bills support measures on public sector borrowing with the October 2022 figure standing at £13.5 billion.
In a bid to boost the UK's energy security and its own sustainability portfolio, SSE has revealed it has invested close to four times as much as it made in profits in the first half of its financial year totalling £1.7 billion.
