A recent article by Edies Newsroom, highlighted that “30% of the UK’s electricity in 2017 was generated from renewables, nearly a 5% increase on the previous year, as increased solar and wind installations continue to decarbonise the UK’s energy and electricity mix.
“The UK Government’s latest Digest of UK Energy Statistics found that renewables accounted for 29.3% of the UK’s electricity in 2017, up from 24.5% in 2016. Wind power accounted for half of the renewables mix, with 8.6% source from onshore wind and 6.2% from offshore. In total, electricity generated from wind power increased by 11% compared to 2016 levels.
The latest annual statistics show that output growths from wind, solar, hydro, bioenergy and waste created a 0.5% increase in primary energy production in the UK – despite overall coal outputs falling “to a record low level” of three million tonnes – a 27% decline compared to 2016.
The increase was attributed to a 13.6% increase in renewable generation capacity to 40.6GW and higher average wind speeds. Low-carbon electricity’s share of generation increased from 45.6% to a record 50.1%, the data notes, again attributing growth to the increase in renewables generation.”
Big turbines are big business and whilst we should all be delighted by the ever increasing share wind generation contributes to the UK’s overall energy mix, it is Solar PV that shows more promise than ever of continued growth.
Capex for Solar PV has seen a marked decrease in the first half of 2018 and at the same time electricity price inflation has continued to grow.
Simple returns for Solar PV are now comfortably in excess of 15% and the medium represents better value than ever for high energy users to generate their own electricity.
Opportunities abound for SME’s to join the renewable revolution and Boston Renewables are here to guide them into a new world of energy cost reduction.
If you’d like to discuss, please give us a call on 02482 679757.