Plans to make the UK world leader in green energy announced

Plans to make the UK world leader in green energy announced

The Prime Minister has today announced that £160m will be made available as part of the new Build Back Greener plans for the UK.

The plans include making the UK a world leader in clean wind energy, creating jobs, slashing carbon emissions and boosting exports.

Ports are to be upgraded and infrastructure across communities like in Teesside and Humber in Northern England, Scotland and Wales to hugely increase our offshore wind capacity, which is already the largest in the world and currently meets 10 per cent of our electricity demand.

This new investment will see around 2,000 construction jobs rapidly created and will enable the sector to support up to 60,000 jobs directly and indirectly by 2030 in ports, factories and the supply chains, manufacturing the next-generation of offshore wind turbines and delivering clean energy to the UK.

Through this, UK businesses including smaller suppliers will be well-placed to win orders and further investment from energy companies around the world and increase their competitive standing on the global stage, as well as supporting low-carbon supply chains.

The Prime Minister has also set out further commitments to ensure that, within the decade, the UK will be at the forefront of the green industrial revolution as we accelerate our progress towards net zero emissions by 2050.

These include:

  • Confirming offshore wind will produce more than enough electricity to power every home in the country by 2030, based on current electricity usage, boosting the government’s previous 30GW target to 40GW.
  • Creating a new target for floating offshore wind to deliver 1GW of energy by 2030, which is over 15 times the current volumes worldwide. Building on the strengths of our North Sea, this brand-new technology allows wind farms to be built further out to sea in deeper waters, boosting capacity even further where winds are strongest and ensuring the UK remains at the forefront of the next generation of clean energy.
  • Setting a target to support up to double the capacity of renewable energy in the next Contracts for Difference auction, which will open in late 2021 - providing enough clean, low cost energy to power up to 10 million homes

Prime Minister Boris Johnson said: “Our seas hold immense potential to power our homes and communities with low-cost green energy and we are already leading the way in harnessing its strengths.

“Now, as we build back better, we must build back greener. So, we are committing to new ambitious targets and investment into wind power to accelerate our progress towards net zero emissions by 2050.

“This sets us on our path towards a green industrial revolution, which will provide tens of thousands of highly-skilled jobs.”

Business and Energy Secretary Alok Sharma said: “The offshore wind sector is a major British success story, providing cheap, green electricity while supporting thousands of good-quality jobs.

“Powering every home in the country through offshore wind is hugely ambitious, but it’s exactly this kind of ambition which will mean we can build back greener and reach net zero emissions by 2050.”

Energy UK’s Chief Executive, Emma Pinchbeck, said: “The UK’s power sector has reduced emissions by nearly 70%, but we know we need to go further and faster on the road to Net Zero. The energy industry will work with Government to turn our world-leading low carbon power sector into a Green Recovery for the whole economy.”

 

PSE Oct/Nov 20

PSE Oct/Nov 20

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