Offshore wind energy overtakes new nuclear power- what it means for the renewables industry
As various governments begin to re-evaluate their climate goals, the lowering costs of renewable means that the apparent lofty goals set in the Paris agreement look more attainable.
According to the CEO of RenewableUK, the record-breaking cost reductions are unprecedented for large energy infrastructure, meaning it spells massive possibility for the industry. In short, the use of bigger turbines and higher voltage cables has led to falling prices, in addition to the growth of the UK supply chain.
This is on the back of recent developments from a international governments (Trump’s standpoint on climate change and Australia abandoning clean energy targets). Therefore, the greatest hurdle to the renewables industry may not be the inability to produce enough, but the position of various nations around the adoption of renewables.
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