This report examines the growth of the UK renewable energy market, showing its current status and projecting where it is likely to grow to in the foreseeable future. It includes statistical data on the different types of energy generation, combines and contrasts them against each other to show the clear leaders, drivers to change and future growth.
Given mounting fiscal deficit, the UK’s new collation government has put an end to the low-carbon buildings program grants. The UK government is to introduce the Renewable Heat Incentive (RHI) scheme from April 2011. This is expected to cover heat pumps, solar thermal, biomass boilers, renewable CHP. The UK government plans to increase its renewable electric power generation to 30% by 2020.
Wind power is the second largest renewable energy source in the UK after biomass. The UK has set a target of increasing its installed wind power capacity to 28GW by 2020, of which 14GW would be onshore and 14GW would be offshore
Key questions answered
- What are the drivers shaping and influencing new capacity installed in the energy industry?
- How will renewable energy technologies capacity share perform to 2020? What are the opportunities?
- What is the policy framework governing the renewable energy market?
- Which renewable energy technology types are likely to grow strongly?
- What is the potential of various renewable energy technologies?
This Business Insights report is available to current London Business staff, students and faculty from Datamonitor 360 which can be found on the A-Z list of library databases within Portal.