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Net zero transition – the latest signals of change: May 5, 2023

We Mean Business Coalition

Net Zero Economy At the Petersberg Climate Dialogue in Berlin this week – considered preparation for the COP Climate Summit later in the year – German Foreign Minister Annalena Baerbock called for a global target for the expansion of renewable power , building on the recent G7 ministers’ agreement on wind and solar goals.

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UK Investors Undeterred by Offshore Headwinds

Chris Hall

Wind is forecast to grow from an estimated 896GW at the end of 2022 to 1,523GW by 2029. The UK has more than 11,000 wind turbines installed with a total capacity of 28GW, driven largely by an offshore boom while onshore installation has dwindled.

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UK Investors Undeterred by Headwinds for Wind

Chris Hall

There are currently 600 projects with a combined capacity of 176GW in England and Wales queued up for connection to the national grid, and MP’s had been warned by Merlin Hyman, CEO at Regen, which manages the Electricity Storage Network, that renewable energy projects will be “lucky to be offered a grid connection within a decade”.