Subsidy-Free Renewable Energy Projects Set to Explode in the UK!


Subsidy-Free Renewable Energy Projects Set to Explode in the UK!

With renewable energy taking the world by storm we knew it wouldn’t be long before companies were set up to help people benefit from renewable technology.

As such, the UK is well on the way to a new era of subsidy-free renewable energy projects that will eventually kill off prospects for new gas power stations, according to industry analysts.

The falling cost of wind and solar projects combined with advances in battery storage technology will unlock about £20bn of investment in the UK between now and 2030, Aurora Energy Research has said. As well as this they added that Onshore wind and solar will both be viable without subsidies by 2025 in the UK.

However, the switch to a post-subsidy world would still require some financial aid during the transition period to ensure that any risk is fairly shared between energy firms and governments. Ensuring this is possible is only viable if the UK’s ban on subsidies for onshore wind farms is reversed which is fully supported by two of the UK’s big six energy firms SSE and Scottish Power.

Alistair Phillips-Davies, chief executive of SSE said onshore wind farms should be given a chance where communities support them. “I’d like to see onshore wind coming back to in the UK”. If this is to go ahead wind power is expected to account for half of the 18GW of subsidy-free renewables to be built in the UK between now and 2030 according to a new Aurora Energy Research Report.

The other half will be from the solar power which has largely stalled after subsidy cuts in 2015 but received a boost when the UK’s first subsidy-free solar farm opened last year. Having these renewable technologies in place will remove the opportunity for the likes of Germany’s RWE to build even larger gas power stations within the UK.

The government has already reduced the amount of new gas power capacity it expects to be added by 2030 from 22GW to 7GW, but Aurora said that would shrink to just 1GW if subsidy-free renewables took off as anticipated!

This is all being kickstarted this year with the current energy minister, Claire Perry announcing last Tuesday that the government would be launching a formal review of the capacity market later this year.

Perry said “The cold snap at the start of March which saw gas demand jump 40% above normal levels has shown the UK energy system was robust but there are lessons to be learned”

This is brilliant news for the UK as it allows us to be one step further to a sustainable future. With these plan’s hopefully going ahead we are excited to be a part of the future and being able to contribute to what is hopefully the renewable revolution!

With renewable energy taking the world by storm we knew it wouldn’t be long before companies were set up to help people benefit from renewable technology.

As such, the UK is well on the way to a new era of subsidy-free renewable energy projects that will eventually kill off prospects for new gas power stations, according to industry analysts.

The falling cost of wind and solar projects combined with advances in battery storage technology will unlock about £20bn of investment in the UK between now and 2030, Aurora Energy Research has said. As well as this they added that Onshore wind and solar will both be viable without subsidies by 2025 in the UK.

However, the switch to a post-subsidy world would still require some financial aid during the transition period to ensure that any risk is fairly shared between energy firms and governments. Ensuring this is possible is only viable if the UK’s ban on subsidies for onshore wind farms is reversed which is fully supported by two of the UK’s big six energy firms SSE and Scottish Power.

Alistair Phillips-Davies, chief executive of SSE said onshore wind farms should be given a chance where communities support them. “I’d like to see onshore wind coming back to in the UK”
. If this is to go ahead wind power is expected to account for half of the 18GW of subsidy-free renewables to be built in the UK between now and 2030 according to a new Aurora Energy Research Report.

The other half will be from the solar power which has largely stalled after subsidy cuts in 2015 but received a boost when the UK’s first subsidy-free solar farm opened last year. Having these renewable technologies in place will remove the opportunity for the likes of Germany’s RWE to build even larger gas power stations within the UK.

The government has already reduced the amount of new gas power capacity it expects to be added by 2030 from 22GW to 7GW, but Aurora said that would shrink to just 1GW if subsidy-free renewables took off as anticipated!

This is all being kickstarted this year with the current energy minister, Claire Perry announcing last Tuesday that the government would be launching a formal review of the capacity market later this year.

Perry said “The cold snap at the start of March which saw gas demand jump 40% above normal levels has shown the UK energy system was robust but there are lessons to be learned”

This is brilliant news for the UK as it allows us to be one step further to a sustainable future. With these plan’s hopefully going ahead we are excited to be a part of the future and being able to contribute to what is hopefully the renewable revolution!

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