UK saw £297M in investments in independent commercial-scale renewable energy projects in 2013, with an estimated £61.7M invested in biomass projects; overall number of independent renewable energy projects up 40% year-over-year, finds study
July 18, 2014
(Industry Intelligence Inc.)
– The U.K. saw £297 million (US$506.53 billion) in investments in independent commercial-scale renewable energy projects in 2013, including an estimated £61.7 million that was invested in biomass projects, according to a report by SmartestEnergy, Biomass Magazine reported on July 17.
The total number of independent renewable energy projects in the U.K. rose 40% year-over-year to an estimated 2,930 projects, representing a total combined capacity of 6.23 gigawatts (GW), the report noted.
The manufacturing sector had the largest increase in biomass generating capacity, with capacity up 55% to 231 megawatts (MW), representing £52 million in investments.
The manufacturing sector is the most active investor in onsite generation.
Farm projects were the fastest-growing category for the second consecutive year, with the total number of projects up 81% and biomass projects up 14%.
A copy of the report is available at SmartestEnergy’s website.
The primary source of this article is Biomass Magazine, Grand Forks, North Dakota, on July 17, 2014. Click here to see the original source’s full version of the article.