The UK could be set to import energy from the US via a transatlantic interconnector being explored by a group of investors, the Telegraph has reported.
Tim Pick, the UK’s first Offshore Wind Champion, has called on the UK government to mobilise investment in supply chains to reduce grid constraints and compete with the UK Inflation Reduction Act (IRA) and EU’s Green Deal Industrial Plan.
Consumers based in Northern Ireland were able to avoid paying a collective total of £500 million thanks to the nation’s wind farms having provided 42% of electricity for the year.
Less than two weeks into the year 2023 and a new wind generation record has been set, with the technology generating over 21.6GW yesterday (10 January).
If the UK had transitioned fully away from fossil fuels to renewable technologies it could have reduced the cost of energy bills in 2022 by around £1,750, the Energy and Climate Intelligence Unit (ECIU) has said.
The Energy and Climate Intelligence Unit (ECIU) has estimated that the development of 45GW of onshore wind farms would take up 2.1% of the UK’s total land prompting calls to scale the renewable energy technology.