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Britain will need 2.6 billion pounds for wind energy

UNITED STATES (OBSERVATORY NEWS) — According to Aurora Renewable Energy Analysts, to achieve this goal it is necessary to install 260 wind turbines per year, approximately one every working day.

The capacity of offshore wind energy in the UK is 10 gigawatts, and at the beginning of the last decade it was only 1 gigawatt. Moreover, now contracts are signed for the creation of wind power plants with a capacity of only 10 gigawatts. Contracts for installations with a capacity of 20 gigawatts have yet to be concluded.

Under the contract, an increase in capacity of up to 40 gigawatts will cost an additional 2.6 billion pounds a year, five times more than the current budget allows.

Martin Anderson, co-author of the report, commented: “According to our analysis, achieving a goal of 40 gigawatts will require an increase in the speed of deployment of offshore wind turbines, along with significant investments and planning approvals, which must be approved in record time.

The use of offshore winds has shown a significant reduction in costs at previous auctions, the impact of higher levels of renewable energy in the system will lower the cost of catching offshore winds, and subsidy support schemes will require an additional budget.

If this goal is achieved, it will have widespread implications for investors in the UK energy system and will involve governments in liberalized electricity markets.”

Increasing UK offshore wind power has become one of Conservative’s leading energy policies in the December general election. It was also confirmed in the Queen’s speech.

Energy providers have warned that achieving the goal is “not a walk in the park.” Jim Smith, managing director of SSE Renewables, said achieving the goal requires “collaboration between government, industry and stakeholders … to open this stream of projects.”

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