OSLO, Norway – Britain may achieve its goal of doubling its renewable energy capacity in 2026, four years ahead of schedule.
Rystad Energy analysis suggests Britain’s installed capacity of solar and wind power plants will climb from 33 GW today to 64 GW in 2026.
Installed offshore wind capacity is set to climb from 10.5 GW this year to 27.5 GW in 2026, overtaking onshore wind (24.3 GW at that point).
And offshore wind capacity is set to keep rising, to almost 40 GW by the end of the decade.
However, the steep growth will require a substantial increase in the size of turbines, said Gero Farruggio, head of Renewables at Rystad Energy.
“The government’s recent launch of a new scheme to bolster large-scale portside manufacturing hubs, involving financial support to also strengthen offshore wind manufacturing capability, will assist this transition.”
Certain policy measures such as tax exemptions for renewable electricity projects are said to have driven the growth in UK renewables, along with incentive schemes that have helped accelerated deployment of commercial and small-scale renewable capacity.