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Global renewable energy leader highlights “huge UK success” in wind power

22 June 2016   (0 Comments)
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One of the world’s leading advocates of renewable energy, the Founder of Bloomberg New Energy Finance Michael Liebreich, says the fact that the UK is now generating more than a quarter of its electricity from renewables is “a huge success and should be celebrated as such".

Speaking at RenewableUK’s Global Offshore Wind Conference in Manchester, Mr Liebreich told the wind industry:

“You have been very good at managing costs. There has been good progress on cost reductions. Above all to succeed as an industry you need to get cheap fast. All credit to the industry for being ambitious on getting costs down”.

He described the UK as “the only European country to attract increasing amounts of investment in clean energy year on year – and in record amounts”, and noted that "Offshore wind accounts for half of the UK's record investment, making it the success story."

Offshore wind is bringing more than £20 billion in investment to Britain in this decade – much of it to the most economically deprived areas of the UK.

Notes

  1. RenewableUK’s Global Offshore Wind conference and exhibition takes place on 21st – 22nd June in Manchester.
  2. Michael Liebreich is Chairman of the Advisory Board and Founder of Bloomberg New Energy Finance, the world’s leading provider of information on clean energy to investors, energy companies and governments. Michael founded the company as New Energy Finance in 2004 and acted as Chairman and Chief Executive until its acquisition by Bloomberg in 2009. Michael is a frequent commentator in the press, on TV and radio on issues of energy, development and economics.

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