The Indian Government has announced through its updated National Electricity Plan that it will not consider coal-fired power plant proposals for the next five years in a bid to increase its renewable capacity.
Wait times for grid connections in the UK have reached up to 13 years. As we head into spring, delays in getting grid connections must be resolved to avoid repeating a winter at risk of blackouts and high energy bills into the future.
The Indian Government has announced that it will issue tenders for the installation of 250 GW of new renewable power generation capacity by March 2028.
Herman Galushchenko, Ukraine’s Energy Minister, has said that the country aims to increase the share of renewable energy in its power generation mix to 50 per cent to boost energy security.
According to the US Energy Information Administration (EIA), electricity generated in 2022 from renewables exceeded that from coal for the first time.
Octopus Energy has announced it will invest €1 billion into France’s renewable energy sector over the next two years.
CBS, the national statistics agency for the Netherlands, said that over 2022, around 40 per cent of electricity generated in the country came from renewable sources, up from 33 per cent in 2021.
Reports have emerged of 13-year wait times to secure grid connections for renewables in the UK. Unless the network constraints are quickly addressed there are real risks on the government’s ability to implement its net zero strategy at the desired pace.
By Paul Hill, banking and finance partner and head of energy and infrastructure at Browne Jacobson
According to a review of data released by the US Energy Information Administration, renewable energy sources across the USA provided almost 23 per cent of the country’s electricity generation in 2022.
Wärtsilä has released a study stating that the European Commission needs to reform its electricity market design to encourage flexible balancing power capacity if the EU is to achieve its net zero targets and improve energy security.