£81bn of renewable energy projects ‘in the pipeline’

Nearly half (47%) of infrastructure spending in the UK up to 2025 will be on renewable energy projects, new figures show. More than 400 renewable energy projects worth more than […]

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By Priyanka Shrestha

Nearly half (47%) of infrastructure spending in the UK up to 2025 will be on renewable energy projects, new figures show.

More than 400 renewable energy projects worth more than £81 billion in total have been proposed by 2025, according to Barbour ABI, which provides construction data to the Office for National Statistics (ONS).

All expect 17 of the 405 schemes are new build, with projects including phase one to six of the East Anglia One offshore wind farm worth £10.8 billion and the £3.75 billion offshore wind farm in Hornsea.

The report claims wind farms account for nine of the top 10 most valuable projects.

Michael Dall, Lead Economist at Barbour ABI said: “The scale of renewable energy projects proposed in the UK is staggering and investment in this sector shows no signs of slowing.

“With a number of these projects already confirmed and many more at early stages of planning, the future of renewable energy construction in the UK looks bright.”