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SOLAR AMBITION

UK Government sets new ambitious plans in order to level up the UK solar industry

New plans to accelerate the deployment of renewables and therefore boost long-term energy independence and security have been unveiled (w/c 2nd April 2022).

By 2030, the Government hopes for 95% of British electricity to be low carbon. As a result by 2035 the expectation is that we will have decarbonised our electricity system. Now that’s a solar ambition!

Solar Ambition

Press Release

In the press release, it has been stated that the Prime Minister plans to boost Britain’s energy security. The Government is aiming to grow the UK’s current solar capacity five-fold by 2035 and the 10-point plan set out in the British energy strategy, expresses how the Government sets out to achieve these ambitious goals.

The 10 Point Plan

The 10-point plan covers a selection of renewable technologies, but it has been found that the cost of solar has fallen by around 85% over the past decade. The recent removal of VAT will result in lower costs and as a result will make PV more affordable for the public. There is also a consideration for low-cost finance options to drive the deployment of rooftop solar in the UK.

The plans set up by the Government in effect will bring down the cost of energy bills, boost the British economy’s energy security and increase jobs. The expectation is that the renewables industry will need around 480,000 jobs to be filled to reach the new 2030 targets.

The solar industry in the UK will see significant growth in the coming years, but remember that Segen is always here to support you.

Click this link to read the Government’s press release – www.gov.uk/government/news/major-acceleration-of-homegrown-power-in-britains-plan-for-greater-energy-independence

Use this link to read the British Energy Security Strategy – www.gov.uk/government/publications/british-energy-security-strategy/british-energy-security-strategy

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