New research indicates that renewable energy capacity will overtake nuclear power in the UK by 2018. By 2015 one in ten British homes will be powered by renewable energy sources. It has been a remarkably good year for the renewable energy industry. Wind energy alone is up by a quarter since 2010.
The wind power industry continued to grow despite prominent Conservative MPs signing a statement that opposed the building of new wind farms. Investment in offshore windfarms grew by 60% to £1.5bn in the past six months.
Despite the outspoken opposition from many Tory MPs against wind power, there was a rise in the amount of onshore wind capacity approved last year for the first time since 2008.
Maria McCaffery, chief executive of Renewable UK, said: “These strong figures underline the importance of a secure trading climate to attract investment, especially in difficult times. That’s why it’s so important that the framework provided by the energy bill, currently under parliamentary scrutiny, must be right. Although we still have a long way to go to meet our challenging targets, we are firmly on track and gathering momentum.”