· 2 min read
illuminem summarizes for you the essential news of the day. Read the full piece in the Independent or enjoy below:
🗞️ Driving the news: Despite initial challenges in 2023, the UK's clean energy sector closed the year with significant strides
• Notably, on the week before Christmas, UK's wind turbines broke their generation record, and major Orsted's £8bn / 2.9GW Hornsea 3 wind farm project was green-lit
🔭 The context: The 2023 year began with a notable achievement as Great Britain's zero-carbon sources supplied over 87% of its electricity on December 30, 2022
• However, setbacks occurred, such as the suspension of Vattenfall's 1.8 GW Boreas wind farm due to a 40% surge in industry costs
• Oil giants BP and Shell also revised their carbon neutrality commitments, adding to the sector's uncertainties
🌍 Why it matters for the planet: These developments underscore the critical balance between economic feasibility and environmental sustainability in the transition to renewable energy
⏭️ What's next: The government's response to the renewable energy sector's challenges, including raising the price cap for offshore wind builders to £73 per MWh for 2024, indicates a supportive shift
• The sale of Boreas and other sites to RWE and Orsted's commitment despite rising costs are positive signs for the sector's resilience and growth.
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