The Anonymous Widower

61GW Renewables And Storage Pipeline Could Bring In £125bn To Economy

I did think about calling this post something like.

  • Do You Like Large Numbers?
  • My Calculator Just Blew Up!
  • I Don’t Believe It!
  • No Wonder Rishi Sunak Has A Smile On His Face!

But I’ll use my normal introduction for this type of post!

The title of this post, is the same as that on this article of Current News.

This is the introductory paragraph.

The UK currently has a pipeline of 61GW of renewables and storage that if developed could bring in £125 billion to the UK economy.

The article also says that this pipeline could provide 200,000 jobs.

So where will this massive 61 GW of electricity come from?

  • Off-shore Wind – 31.7 GW
  • On-shore Wind – 11.9 GW
  • Solar PV – 8.6 GW
  • Storage – 8.5 GW

Where is the Nuclear Option?

iThe article also says that 18 GW of these projects are Shovel-Ready.

The figures come from UK trade association; Regen, whose Chief |Executive is the appropriately named; Merlin Hyman.

The page on the Regen web site, which is entitled Unlock Renewables For A Green Recovery,  is the original document on which the Current News article is based.

Regen want three things from the Government, in return for creating all this renewable electricity capacity.

  1. Publish an Energy White Paper putting the UK on course for a flexible power system based on renewables and storage.
    Commit to annual Contracts for Difference auctions to give investors confidence.
    End the anti onshore wind policies in the English planning regime.

Some will not like the third condition.

I must go now, as I must go down the Chinese-owned Lucky Electronics Shop on Dalston Kingsland High Street to get a calculator with more digits to replace the one that blew up!

July 10, 2020 - Posted by | Energy, Energy Storage, Finance | , , ,

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