Continued strong appetite for renewables investment in the UK has been highlighted by figures showing almost 40GW of renewable energy projects are now in the pipeline.
Research from Cornwall Insight identified 38.7GW of projects across 845 locations, with the majority of projects classed as ‘awaiting construction’.
The Renewables Pipeline Tracker report highlighted standalone battery projects as a key technology for developers, accounting for the largest share by technology type in a majority of distribution network operator regions, followed by solar PV.
Offshore wind is expected to dominate transmission connections, but more large-scale onshore wind and solar PV assets are likely to seek transmission connections due to the economies of scale new sites are looking to achieve, especially those going subsidy-free.
Lucy Dolton, an analyst at Cornwall Insight, said confirmed routes to market will be “integral to the development of the pipeline.”
Meanwhile, RenewableUK has forecast the UK could source 76% of its power demand from green energy by 2050. Despite setbacks to the sector amid the coronavirus pandemic, the trade body says the growth in renewables will continue at pace.
It said the UK’s offshore wind sector can attract a further £54bn in private investment which would help quadruple offshore wind capacity in the UK to 40GW by 2030 to provide more than one-third of the nation’s electricity. By 2050, capacity could grow to 90GW.