NEW figures show that more than £81bn worth of renewable energy projects are proposed for the UK by 2025.
Barbour ABI, who provide construction data to the Office for National Statistics (ONS) and the Government, said a total of 405 renewable energy projects are in the pipeline, approximately 47 per cent of all proposed UK infrastructure projects.
All but 17 are new build and include the £25bn Severn Barrage, phases one to six of the East Anglia One off-shore wind farm worth £10.8bn collectively, and the £3.75bn Hornsea off-shore wind farm. Wind farms account for nine of the top ten most valuable projects.
Michael Dall, lead economist at Barbour ABI, said: “The scale of renewable energy projects proposed in the UK is staggering and investment in this sector shows no sign of slowing.
“According to our latest Economic & Construction Market Review, utilities were the major infrastructure project type in September and this is no surprise given the number and value of contracts being awarded which is due, among other things, to the levels of subsidy currently provided by the Government.
“With a number of these projects already confirmed and many more at early stages of planning, the future of renewable energy construction in the UK looks bright.”
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules here