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Growth in low-carbon electricity generation stalled in 2019 despite almost a fourfold year-on-year increase in coal-free days. The figures have sparked calls for the government to go beyond its commitment to offshore wind and support other forms of renewables.
5 years ago
In the latest of Utility Week’s profiles of the contenders to form the next government, David Blackman examines the Conservatives’ plans for the next five years. He talks to experts including Tim Yeo and Aurora Energy’s Richard Howard about the details behind the key Tory targets and what they would mean for the sector.
Plaid Cymru has called on the UK government to allocate an additional one per cent of GDP to invest in green infrastructure over the next decade and to establish an energy agency for Wales. The Brexit Party has also set out its stall on green issues.
The plans to be announced by the Liberal Democrats shadow chancellor Sir Ed Davey include a new £10 billion Renewable Power Fund, which would be designed to leverage in a further £100 billion or more of extra private climate investment.
The renewable energy market is evolving, and investors and asset managers must adapt, says Alex Brierley, co-head of Octopus Renewables.
The Liberal Democrats want to spend £15 billion over the parliament to upgrade the energy efficiency of 26 million homes. The party has also set out its stance on developing tidal power.
The energy regulator has turned down a series of projects from electricity distribution network companies, totalling £258 million. However, it has approved £64 million for other projects.
A collaborative project between groups in the UK and France will see tidal stream turbines installed across the Channel, could "herald a point of maturity for the sector". Work is expected to be completed by 2023 at the five turbine sites with the option to increase capacity to 8MW and the ultimate potential for several GW across the Channel.
A report by Carbon Brief found that electricity generated by renewable sources overtook fossil fuels in Q3 2019, the first time since the Industrial Revolution. Increased wind capacity was largely to thank for the increase.
“You barely have an energy market in this country at all, such is the level of intervention,” a libertarian thinktank has claimed.
A project to build the world’s most powerful floating turbine has received £3.4 million from the Scottish government.
Jeremy Corbyn has pledged to invest £3.5 billion in the Mersey Tidal Power Project if Labour comes to power.
Simec Atlantis Energy has announced a technology partnership and preferred supplier agreement with General Electric’s (GE)
