The results of the yesterday’s government auction for renewables procurement has taken the entire energy sector by surprise. Clearing 860 MW at £75/MWh in 2021 and 2.3 GW at £57/MWh in 2022, it revealed that the cost of offshore wind has dropped by 65 per cent in under five years. This result comes close on the heels of a report from Renewable UK, highlighting that the UK’s offshore wind industry has now increased its domestic content to 48 per cent and is in the process is providing almost 20,000 direct and indirect jobs. Heavy investment during the industry’s nascent years has yielded tremendous results and the UK can confidently stake its claim to be the global leader in offshore wind.
Tag Archives: clean energy
This post is by Jonathan Gaventa, director of E3G.
The UK has made significant progress in clean energy and emissions reductions in recent years, with greenhouse gas emissions now 38 per cent below 1990 levels. But Brexit raises questions about how this progress will be continued.
In principle, it should be both possible and desirable for the UK to emerge from the Brexit process with just as strong a position on climate and clean energy as before.
This post is by Ben Caldecott, Green Alliance trustee, associate fellow of Bright Blue and author of Green and responsible conservatism: embedding sustainability and long-termism within the UK economy.
The build up to the UN climate change conference in Paris this December began at Durban in 2011, when negotiators agreed to deliver a ‘new and universal greenhouse gas reduction protocol, legal instrument, or other outcome with legal force by 2015 for the period beyond 2020’. Paris is the last opportunity to secure such an agreement. Read more