Subsidy-free renewable energy projects set to soar in UK, analysts say
by Adam Vaughan from Environment | The Guardian on (#3JP9S)
Falling cost of wind and solar will unlock 20bn of investment, Aurora Energy Research says
The UK is well on the way to a new era of subsidy-free renewable energy projects that will largely kill off prospects for new gas power stations, according to industry analysts.
The falling cost of wind and solar projects combined with advances in battery storage technology will unlock about 20bn of investment in the UK between now and 2030, Aurora Energy Research said. Onshore wind and solar will both be viable without subsidies by 2025 in the UK, it added.
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