The UK government will need to invest £48bn by 2030 to meet its target of 40 gigawatts of offshore wind power, an energy analyst has said. That is equal to double the amount it spent in the last decade on offshore wind. Renewable energy analysts Aurora said 260 new wind turbines would have to be built every year in the lead up to 2030, if the Conservative Party’s election pledge is going to be fulfilled. In the build up to the General Election, the party pledged to increase the capacity of the off-shore wind industry across the UK. Aurora head of renewables Martin Anderson said the report “suggests that meeting the 40-gigawatt target will require a huge increase in the deployment rate of offshore wind turbines, alongside significant capital investment and planning consents to be approved in record time”. “While offshore wind has demonstrated significant cost reductions in previous auctions, the impact of higher levels of renewables in the system will reduce offshore wind capture prices,” he added.
New Civil Engineer 12th Feb 2020 read more »