Renewable energy targets for 2020 have the ambitious aim of generating 15% of the energy requirement of the country through renewable sources.
Scotland however, has taken the bold step of becoming 100% Renewable Energy powered by 2020. The U.K. is fast failing the EU targets, missing goals and facing stiff penalties by Brussels if it continues to miss deadlines. The focus in 2011-2012 was to attain 4% capacity however, only 3.93% of the project achieved capacity.
The government has issued expansive £30 billion capital venture into renewable energy generation and as a result it is estimated over 40,000 jobs will be created as a result. However traction in this market recently is fast becoming an on-going issue for parliament.
When you take a broad look some of the biggest wind farms in the U.K., the output figures vary vastly. Some generate enough power to satisfy the demand of towns and cities. However alarmingly, some others are just squeezing out enough juice to boil a few meagre kettles. There has been a torrent of verbal confrontation in recent years with respect to wind farms, with numerous communities and areas furiously abhorrent of wind farms, asserting they demolish the tasteful bid of the landscape and drain the public coffers of otherwise better spent limited public resources.
In regards to the renewable energy targets of 2020, more uptake and spending on renewable energy needs to get underway rapidly. The resultant spend helping more U.K. homes take up renewable energy home production. Many homes throughout the U.K. have already undertaken renewable energy projects in 2011 and predominantly we must all have seen more homes installing solar panels.
Solar panels, unlike wind turbines, require the sun's energy to generate power to be utilized inside homes. In 2011 there were in excess of 200,000 solar powered activities inside the U.K., currently roughly 2,000 per week.
A consultant at EcoLocker informed us that renewable energy uptake has taken a dip recently, after the government updated the FIT. However there are still many U.K. homes purchasing renewable energy technologies every single month. With renewable Energy technologies openly available, the venture of renewable energy sources can generate a fantastic income, decreasing utility bills and giving your home the chance to produce power for the waning National Grid network.
As we see the chances of the 2020 EU renewable energy target not being met, its falls on U.K. homes to assist in the figures if you look into the benefits of renewable energy for your home or business you will see them fast becoming a no-brainer for even the most discerning of savvy investors.
