The UK’s low-carbon energy transition from fossil fuels is well underway. The Government is committed to reaching net zero greenhouse gas emissions by 2050 and has set out a raft of policies and proposals for decarbonising all sectors of the UK economy to meet this target.
According to the International Energy Agency, Renewable capacity expansion in the next five years will be much faster than what was expected just a year ago, owing to such factors as Russias invasion of Ukraine triggering “the first truly global energy crisis [which] has sparked unprecedented momentum for renewables”.¹
In the first half of 2022, wind generation rose by 175 TWh (19%) globally, while solar increased by 125 TWh (25%). In total, solar generated 5% of global electricity in the first half of 2022 (619 TWh), while wind generated 8% (1,102 TWh). This represents a marked growth, with renewables accounting for just 8.9% in 2011.
Technology prices continue to fall and the rise of energy storage and energy prices are making projects viable through Corporate Power Purchase Agreements. Wind and Solar projects may also compete for Contracts for Difference (CfD) in the next round.
The intermittency of renewable energy generation has also led to the emergence of the reserve power and frequency services to balance the UK’s electricity network.
Standalone energy plants such as solar and wind farms, energy storage plants, reserve power high-efficiency gas plants, energy from waste facilities, and hydrogen production plants, all need land to be sited on. They require planning permission and rights for access and to lay cables and pipes. The developer/operator will require an Option Agreement whilst the project develops as well as a lease for construction and operation.
In addition to developing our own projects, we provide development services to a small number of operators and investors.
Services include:
- Feasibility studies
- Screening for planning and proximity to appropriate utility connections (electrical, gas, water)
- Option and Lease negotiations
- Co-ordination of planning applications and supporting reports (ecology, flood risk, noise, air-quality, archaeology, ground conditions)
- Discharging of planning conditions
- Property due diligence, review of title documentation
- Support on grid and gas connections
- Support through legal process to project fruition
To read our case studies on Project Development please click here or Contact us for a free initial consultation
¹ International Energy Association (IEA) Renewables 2022 Analysis and Forecast to 2027