UK Government Ups Offshore Wind Target

The new government has increased the target for offshore wind capacity in the UK to 40GW by 2030, up from the previous 30GW target.

At present, the country has 10GW of offshore wind capacity, with a further 4GW on the way, either under construction or in pre-construction. However, there is still a long way to go in the next decade if the government wants to more than double the amount of energy generated by offshore wind.

This comes as the latest figures show that renewable energy sources outperformed every fossil fuel for the first time ever. In the third quarter of 2019, renewable energy accounted for 38.9 per cent of the country’s energy, with gas power coming in marginally lower at 38.8 per cent. pointed out that, when nuclear is combined with renewables in a low-carbon energy category, it accounted for well over half of the country’s energy in the three months from July to September.

One of the things that has been supporting the uptake of more wind energy is the falling cost of generation.

According to government figures, the cost of offshore wind fell by around 30 per cent in September, following the result of the latest contracts for difference (CFD) auction held by the government.

As a business it’s important to do your part for the environment and to help the UK meet its carbon reduction targets. While you may not be in a position to generate energy yourself, you can look at your suppliers and switch to one that supplies renewable energy, for instance.

To find the best deal for your business, arrange an appointment with commercial energy consultants to learn about the solutions available in your area.