Despite the bottoming out of fossil fuel prices, the renewables sector continues to flourish. In 2015 global clean energy investment hit an all-time high of $329 billion and more than 120 gigawatts of new capacity was added to global supply. The world is now adding more power capacity from renewables every year than that of oil, coal and natural gas combined.
Wind Power in the UK
Onshore wind developments are a key component of the UK’s renewables objective. High average wind speeds mean that the UK has some of the best conditions in Europe for wind power. Falling costs and strong demand mean that onshore wind is now one of the cheapest sources of home-grown power in the UK.
Today, renewables are attracting increasing numbers of investors seeking access to the energy market but wary of the continued uncertainty around fossil fuels and nuclear power.