The collapse of government talks with Hitachi this week takes almost 3GW of future nuclear capacity off the table. While opinion on nuclear is polarised, the UK had been relying on it to meet long term climate targets. With this week’s announcement, 9GW of proposed nuclear capacity has now been suspended. This leaves an increasing low carbon energy gap which will have to be filled by 2030 to meet legal carbon targets. Read more
Tag Archives: interconnectors
This post first appeared on BusinessGreen.
At 11am, on 14 July 2017, eight per cent of UK’s total electricity demand was generated by offshore wind, more than any other country in the world. Proactive policy and industrial innovation have crafted the UK’s success story on offshore wind but another significant part of the story has been the lending from the European Investment Bank (EIB) that has accelerated the sector’s growth. Roughly £2.6 billion has been invested in wind farms and transmission networks since 2012, part of an overall £8 billion investment in energy infrastructure in the UK. As we leave the EU, cheap EIB loans will not flow as easily, raising concerns about the future growth of our renewable energy industry. It is, therefore, critical that we negotiate to be a major shareholder and benefactor of the EIB and the other European investment bodies that support innovation and growth in low carbon technology. Read more
This post is by Paul Arwas who has over 20 years’ experience as a professional consultant, specialising in renewable energy and energy services. Paul has advised governments on energy policy and some of the leading global energy companies on strategy and technology issues.
No doubt you will have heard about the energy trilemma. Experts say we can have one or two out of a choice of secure, cheap or low carbon energy, but not all three.
But they are missing an obvious way of securing all three. Sources of secure, cheap and low carbon energy exist and they are closer to London than Glasgow. These sources lie outside the UK, and because they don’t feature in economists’ models and are outside the ken of many vested interests, they are the Cinderella of energy policy. Read more