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    Home > Chemicals Industry > International Chemical > Onshore wind farms could save UK consumers $13.69 billion between 2019 and 2025

    Onshore wind farms could save UK consumers $13.69 billion between 2019 and 2025

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    Building more onshore wind farms between 2019 and 2025 could help UK consumers save around £1.
    6 billion (13.
    69 billion yuan) in energy bills
    , according to a new study supported by Scottish Electric Renewables, Innogy, Stat and Swedish Waterfall Energy.

    Onshore wind farms could save UK consumers $13.
    69 billion between 2019 and 2025

    The study considered five new contract of difference (CfD) auctions, each with a maximum capacity of 1 GW
    .

    The study notes that onshore wind costs are expected to be lower than the government's forecast for wholesale electricity prices in 2023, thus providing a net benefit
    to UK consumers.

    The BVG Associates study considered 5 new CFD auctions
    .
    The auction will support around 18,000 construction jobs, and 8,500 people will work in long-term skills once
    the project is operational.

    The majority of the capacity at auction, about 86%, will be built in Scotland, followed by Wales with 12% and England with less than 2%.

    This suggests that government support for onshore wind projects in five auctions will spur supply chain investment, with the greatest opportunity
    to manufacture towers and blades.

    Lindsay McQuade, chief executive of Electricity Renewable Scotland, said: "Onshore wind is currently the cheapest form of new build electricity production in the UK, and statistics show it is supported by more than three-quarters of the UK public
    .
    Governments can benefit from cheap, green and clean energy by supporting onshore wind to implement industrial strategies and clean growth plans
    .

    Note: This article uses the real-time exchange rate of 1 pound sterling = 8.
    5569 yuan

    Building more onshore wind farms between 2019 and 2025 could help UK consumers save around £1.
    6 billion (13.
    69 billion yuan) in energy bills
    , according to a new study supported by Scottish Electric Renewables, Innogy, Stat and Swedish Waterfall Energy.

    Onshore wind power

    Onshore wind farms could save UK consumers $13.
    69 billion between 2019 and 2025

    Onshore wind farms could save UK consumers $13.
    69 billion between 2019 and 2025

    The study considered five new contract of difference (CfD) auctions, each with a maximum capacity of 1 GW
    .

    The study notes that onshore wind costs are expected to be lower than the government's forecast for wholesale electricity prices in 2023, thus providing a net benefit
    to UK consumers.

    The BVG Associates study considered 5 new CFD auctions
    .
    The auction will support around 18,000 construction jobs, and 8,500 people will work in long-term skills once
    the project is operational.

    The majority of the capacity at auction, about 86%, will be built in Scotland, followed by Wales with 12% and England with less than 2%.

    This suggests that government support for onshore wind projects in five auctions will spur supply chain investment, with the greatest opportunity
    to manufacture towers and blades.

    Lindsay McQuade, chief executive of Electricity Renewable Scotland, said: "Onshore wind is currently the cheapest form of new build electricity production in the UK, and statistics show it is supported by more than three-quarters of the UK public
    .
    Governments can benefit from cheap, green and clean energy by supporting onshore wind to implement industrial strategies and clean growth plans
    .

    Note: This article uses the real-time exchange rate of 1 pound sterling = 8.
    5569 yuan

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