London Mail
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
London Mail
No Result
View All Result
Home Business

Britain’s biggest stock broker poised to approve £5.4bn Abu Dhabi-backed takeover

by London Mail
June 22, 2024
in Business
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

Wind is poised to overtake gas as Britain’s main source of electricity for the first time this year, as the country moves increasingly towards green energy. 

Research from Offshore Energies UK shows how wind outperformed gas during the first four months of 2024, with experts predicting that this trend will continue throughout the year. 

The industry body’s new report said: “It is possible wind (onshore and offshore) will be the largest supply source of electricity this year.

“Wind has provided more supplies than gas in the first four months of the year. This led to the carbon intensity of the UK grid falling to its lowest daily level on April 15, at 19g of CO2 per kilowatt hour.”

Last year, wind generated 82 terawatt hours (TWh) of power compared with 96TWh from gas and 37TWh from nuclear. 

However, several major wind farms have come into operation in recent months, including the world’s largest farm at Dogger Bank in the North Sea, 75 miles off the Yorkshire coast.

When complete, Dogger Bank will consist of 277 giant offshore turbines that generate enough electricity to power 6m homes a year. 

It and others like it have pushed wind output to record levels.

The report said: “Gas will still have an important role in bringing flexibility to the system but offshore wind will provide most of the growth in power supply in the coming decades as the Government aims to deliver a decarbonised power system by 2035. 

“The UK has about 15 gigawatts (GW) of offshore wind generation capacity, with targets to grow this to 50GW by 2030.”

However, the report also warned that reaching this target will be a challenge requiring 

the UK to install around two turbines a day for the next seven years.

It said: “There is a huge opportunity to grow low-carbon power supplies, increase manufacturing capacity and provide new business opportunities. But cost inflation, longer consenting timeframes and grid access all complicate the picture, deterring some investors.”

The same report also found that British consumers had to spend £80bn on imported fuels such as petrol, diesel and gas last year because of shrinking output from the North Sea. 

Those costs are likely to keep increasing because oil and gas output from the North Sea is shrinking at 8pc a year, partly because of the current Government’s windfall tax deterring investors.

Source link

Related Posts

Boost for first-time buyers as ‘mortgage lending reins loosened’
Business

Boost for first-time buyers as ‘mortgage lending reins loosened’

July 9, 2025
The Rachel papers: Chancellor Reeves’ first year is no cause for celebration
Business

The Rachel papers: Chancellor Reeves’ first year is no cause for celebration

July 3, 2025
Welfare U-turn will cost £2.5bn by 2030, Liz Kendall tells MPs
Business

Welfare U-turn will cost £2.5bn by 2030, Liz Kendall tells MPs

June 30, 2025
Next Post
England WAGS fly home on private jets as the hard training begins again before team’s crunch Euro clash on Tuesday

England WAGS fly home on private jets as the hard training begins again before team's crunch Euro clash on Tuesday

‘I did a Parkrun in 16 minutes 8 seconds – and now I could be heading to the Olympics’

'I did a Parkrun in 16 minutes 8 seconds – and now I could be heading to the Olympics'

I have a great business idea – but how do I get started?

I have a great business idea – but how do I get started?

Recommended

The 3 key signs your partner is a narcissist… and the easy way to deal with it

The 3 key signs your partner is a narcissist… and the easy way to deal with it

7 months ago
Simple hack using kitchen item will stop bananas from going brown too quickly

Simple hack using kitchen item will stop bananas from going brown too quickly

1 month ago
Pippa Middleton and her husband James Matthew embroiled in village row over the use of a footpath at £15million country estate in West Berkshire

Pippa Middleton and her husband James Matthew embroiled in village row over the use of a footpath at £15million country estate in West Berkshire

9 months ago
Inside an all-inclusive Marrakech Tui hotel minutes from the Medina with fruit trees and tortoises in the garden (and food that will surprise you)

Inside an all-inclusive Marrakech Tui hotel minutes from the Medina with fruit trees and tortoises in the garden (and food that will surprise you)

10 months ago

Categories

  • Business
  • Crypto
  • Entertainment
  • Food
  • Health
  • Home Improvment
  • Lifestyle
  • Motering/Cars
  • News
  • Opinion
  • Press Release
  • Real Estate
  • Science
  • Sports
  • Tech
  • Travel
  • World
No Result
View All Result

Highlights

Brumbies 24-36 British & Irish Lions PLAYER RATINGS: Which ‘combine harvester’ has all-but nailed down a Test spot? Which key man looked shaky? And where are the biggest selection battles now?

Woman buys crisps at UK farm shop and is astounded by the price

Some babies really are born fussy, expert reveals – and there’s not much parents can do about it

Amazon gives away Marvel Midnight Suns and 3 other games free as part of Prime Day 2025 | Gaming | Entertainment

Mounjaro users horrified as bizarre side effect triggers apparent weight GAIN: ‘feels like I’m expanding’

Britain’s best walks revealed – is there one near YOU?

London Mail

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved

Navigate Site

  • Home
  • About
  • Advertise
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Tech
  • News
  • Business
  • Science
  • Health
  • Sports
  • Lifestyle
  • Travel
  • Opinion

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved