The world’s energy crisis has necessitated a radical shift among policy makers and industry participants of the Renewable Energy industry. Increased awareness surrounding the impacts of climate change has driven an aggressive decarbonising strategy.
Renewable sources provided 9.4% of the electricity generated in the United Kingdom in 2011, representing a significant increase from 1.5% in 2006. The UK Renewables Obligation plan set out clear objectives that aimed to generate 15% of the country’s energy from renewable sources by 2020. This has prompted a wave of investment in renewable technologies, particularly of wind energy, and led to dramatic increases in installed capacity and overall industry revenue.
The UK’s abundance of natural resources has boded well for industry operators, as the economic benefits of renewable generation were coming to fruition. This led to significant growth in employment opportunities as evidenced by the 14.9% compound annual growth over the past five years.
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