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

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

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

The trillion-dollar ambition: new targeted support for scale ups to keep Britain’s best companies at home
Business

The trillion-dollar ambition: new targeted support for scale ups to keep Britain’s best companies at home

June 10, 2026
Four London tech start-ups on the brink of unicorn status
Business

Four London tech start-ups on the brink of unicorn status

June 2, 2026
UK home sales see huge spike as stamp duty ‘distorts’ market
Business

UK home sales see huge spike as stamp duty ‘distorts’ market

May 29, 2026
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 have a great business idea – but how do I get started?

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

Recommended

British stocks represent golden buying opportunity, says HSBC

British stocks represent golden buying opportunity, says HSBC

2 years ago
Real reason British strawberries will taste very different this summer

Real reason British strawberries will taste very different this summer

1 year ago
The Fantastic Four review – Pedro Pascal leads Marvel’s emotional return to form | Films | Entertainment

The Fantastic Four review – Pedro Pascal leads Marvel’s emotional return to form | Films | Entertainment

11 months ago
Trump’s social media company falls to lowest level since float

Trump’s social media company falls to lowest level since float

2 years 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

The ‘best war film ever made’ is 1957 classic and better than Saving Private Ryan | Films | Entertainment

Swinney’s World Cup holiday shambles! Only 250,000 Scots will get the day off – and it’ll cost us £64million

How Brits keep getting caught out by the 10-year passport rule with passengers being turned away from flights and losing up to £700

Carrots will have incredible flavour if you ditch boiling for a better method

Weeds will vanish from patios if sprayed with three common ingredients

Millions told to ‘stay out of the sun’ as dangerous triple-digit heat scorches 14 states in just HOURS

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