Renewable Electricity Generation in the UK - Market Research Report

Sparking growth: Renewable targets and expanding capacity push up industry revenue

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Increased awareness about the effects of climate change has driven an aggressive decarbonising strategy, spearheaded by renewables. Government targets and incentives spur major investment in renewable assets among UK energy giants, while technology developments boost potential generating capacity, particularly in offshore wind, which has grown the fastest of all renewable energy sources. Government data shows that the share of electricity generated from renewables surged from 29.2% in 2017 to 39.6% in 2021. This industry comprises establishments that generate electricity from renewable natural resources such as sunlight, wind, tides and biomass. It only includes the generation of electricity from sources that are inexhaustible and can be replenished indefinitely, unlike fossil fuels such as coal. This industry does not include transmission or distribution activities.