The UK Government’s new report confirming solar to be the cheapest way to generate power has been described by Solar Energy UK as a “wake-up call for opponents of net zero.”
Trade body Solar Energy UK has welcomed the report by Electricity Grid Commissioner Nick Winser recommending ways to accelerate grid infrastructure build time.
To bolster the UK’s renewable generation capacity, the UK Government has today (3 August) unveiled a £22 million increase in funding for the Contracts for Difference (CfD) scheme, which will include solar.
The UK minister for Energy Security and Net Zero, Grant Shapps, will tell an audience at London Tech Week that £4.3 million will be awarded to companies and universities to drive innovation in space-based solar projects.
A new report by the Climate Change Committee (CCC) has shown that a net zero transition – including the uptake of solar photovoltaics (PV) – could create in upwards of 725,000 net jobs.
The UK solar sector could play a pivotal role in supporting the UK reach a “beyond net zero” scenario by achieving a five-fold capacity increase by 2035.
The renewables arm of German industrial conglomerate BayWa Group has revealed that only 34% of UK business leaders don’t think a full renewable energy transition will be achieved before 2050 in the UK, whilst 13% doubted it would ever be achieved.
Delays in the growth of Britain’s battery energy storage sector helped boost Gresham House Energy Storage Fund’s (GRID) portfolio performance, resulting in a “strong growth of earnings” in 2022.
