• 4 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 7 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 15 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 16 hours Apartheid Is Still There: Post-apartheid South Africa Is World’s Most Unequal Country
  • 26 mins Evil Awakens: Fascist Symbols And Rhetoric On Rise In Italian EU Vote
  • 8 hours Visualizing How Much Oil Is In An Electric Vehicle (Hint: a heckuva lot)
  • 2 hours Theresa May to Step Down
  • 55 mins IMO2020 To scrub or not to scrub
  • 3 hours Total nonsense in climate debate
  • 9 hours Look at the LONGER TERM bigger picture of international oil & gas. Ignore temporary hiccups.
  • 2 hours IMO 2020 could create fierce competition for scarce water resources
  • 22 hours Will Canada drop Liberals, vote in Conservatives?
  • 23 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 23 hours Trump needs to educate US companies and citizens on Chinese Communist Party and People's Liberation Army. This is real ECONOMIC WARFARE. To understand Chinese warfare read General Sun Tzu's "Art of War" . . . written 500 B.C.
  • 15 hours Australian Voters Reject 'Climate Change' Politicians
  • 6 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 19 hours Apple Boycott in China

Renewables To Overtake Fossil Fuels In UK Power Generation By 2030

offshore wind turbines

The UK government launched on Thursday a joint government-industry Offshore Wind Sector Deal, which is expected to significantly raise the share of renewable energy generation by 2030 and help it overtake fossil fuel-powered generation for the first time in UK history.

By 2030, the UK government expects 70 percent of the electricity generated in the UK to come from low-carbon sources, with offshore wind power in the country’s generation rising to 30 percent by 2030.

According to the latest quarterly figures from the UK’s Department for Business, Energy & Industrial Strategy, the share of low carbon electricity generation accounted for a record high 56 percent in the third quarter of 2018, up from 54 percent in the same period of 2017, thanks to higher power generation from renewable sources.

Renewables share of electricity generation jumped to a record 33.1 percent in Q3 2018, from 30.0 percent in Q3 2017, with renewable electricity capacity at 43.2 GW at the end of the third quarter of 2018, up by 10 percent, or 3.9 GW, compared to a year earlier.

According to the new Offshore Wind Sector Deal unveiled today, the share of offshore wind of the annual UK power generation rose from just 0.8 percent in 2010 to 6.2 percent in 2017, and is expected to further rise to around 10 percent by 2020.

The UK government and the industry are committing to long-term certainty in renewable power contracts and investments in infrastructure, respectively, to boost the offshore wind industry in the UK.

The sector will deliver total infrastructure investments of over US$52.5 billion (£40 billion) by 2030, based on the sector’s estimates, according to the deal. The UK government, for its part, will provide up to US$732 million (£557 million) available for future Contracts for Difference.

The deal is also expected to triple the number of jobs in the UK offshore wind sector to 27,000 by 2030.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News