Onshore Cost Reduction
In mid-2014 RenewableUK established an industry taskforce to explore the potential to bring down the overall cost of energy to the consumer.
Reporting in April 2015, the Report of the Onshore Wind Cost Reduction Taskforce set out a pathway to become the lowest-cost form of energy by 2020, through a series of measures designed to increase energy yields, improve industry learning and reduce project costs.
The report includes a number of recommendations for both industry and Government and the industry is now working to deliver these, in collaboration with Government and other stakeholders. Through this work RenewableUK seeks to impress on the Government the opportunities available to both reduce the costs of decarbonisation and increase UK energy security in the most cost-efficient way.
Already the cheapest form of renewable energy generation, onshore wind is set to become cheaper than all forms of energy, including conventional gas plant, by the end of this decade.