The UK’s energy system is changing rapidly. Only 10 years ago the country relied on a small number of very large generation plants, powered by nuclear, coal and gas plants. This has already begun to change, with the last 10 years seeing a massive investment programme in renewable energy generation facilities. There are now tens of thousands of small generating plants across the UK, from small roof-top solar systems, to large offshore windfarms.
We believe that this trend will continue, resulting in huge investment in large-scale renewable energy generation plants, and particularly solar and wind. Due to significant reductions in the cost of equipment over the last five years, coupled with technology improvements, both of these technologies are now able to compete with conventional sources of power generation (nuclear and fossil fuels such as coal and gas), without the need for any subsidy. With this tipping point having been reached, we are beginning to see a future where renewable energy provides 100% of the UK’s energy needs, powering its industry, its homes, and its cars.