Posts Tagged: renewable energy


Renewable prospects: new reports paint bright picture for clean energy

There are three commonly held misperceptions of renewable energy: that the available resource is too small to be useful; that its inherently variable nature is too difficult to manage; and that it is too costly to develop.

    A slew of new reports, profiled at a conference organised last Friday by the UK Energy Research Centre (UKERC), fundamentally challenge these myths.

    This past week saw the publication of The Offshore Valuation, a major new study supported by a broad consortium of Government and industry bodies and coordinated by PIRC. It is the first report to attempt a full economic valuation of the UK’s offshore renewable energy resource. Its findings have been startling: by developing less than a third of the practical wind, wave and tidal resource around the British Isles, we could become a net electricity exporter, generating by 2050 the electricity equivalent of 1 billion barrels of oil per year. Doing so could bring multiple benefits to the UK: £31 billion of revenues from electricity exports to Europe, 145,000 green jobs, and insurance against fossil fuel price volatility. Read more


    Offshore Valuation report launched

    The Offshore Valuation is published today by the Offshore Valuation Group, chaired by the Public Interest Research Centre. It is the first comprehensive valuation of the UK’s offshore renewable energy resource over the long-term that explicitly assesses electricity exports to Europe.

    The Offshore Valuation Group is an informal collaboration of government and industry organisations that has commissioned an independent report to address the question: what is the value of Britain’s offshore renewable resource? The group includes the UK, Scottish and Welsh Governments, The Crown Estate and eight companies across the energy sector.

    You can download a copy here [zip file].

    Read more