Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain's renewable electricity capacity overtakes fossil fuels - report

Published 06/11/2018, 11:15
Updated 06/11/2018, 11:20
© Reuters. The sun sets behind the Burbo Bank wind farm near New Brighton.

LONDON (Reuters) - Britain's renewable electricity capacity has overtaken that of fossil fuel generators such as gas and coal for the first time, a report said on Tuesday.

Britain aims to increase its renewable output and close its coal-fired power plants by 2025 as part of efforts to meet climate targets.

Available capacity of renewable electricity generation such as wind, solar and biomass hit 42 gigawatts (GW) in Britain this year.

This eclipsed the 40.6 GW available from fossil fuel generators, research by Imperial College London for coal and biomass generator Drax's (L:DRX) Electric Insights report series showed.

"A third of fossil fuel generating capacity has retired over the last five years – whilst the capacity from wind, solar, biomass, hydro and other renewables has tripled," the report said.

This year Britain's renewable capacity has been boosted by the addition of several offshore wind projects including the Walney Extension which at 660 megawatts is the world's largest offshore wind farm.

Of the main renewable sources, Britain now has more than 20 GW of wind power capacity, 13 GW of solar and 3.2 GW of biomass, the report said.

Britain has a target to cut its greenhouse gas emissions by 80 percent compared with 1990 levels by 2050 and has asked its climate change experts to advise on whether it should set a date to meet a net zero emissions target.

Latest comments

That's great. But when do the public stop subsidising them
The public voted the government in on the emissions policy, amongst other things, so the public gave a mandate, and foot the bill as a result of that choice.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.