A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Gas Overtaken by Renewables in UK Electricity Generation

The Energy and Climate Intelligence Unit’s (ECIU) Power Tracker found that renewables have overtaken gas to become the largest single source of power on the UK grid so far this winter. The analysis showed that record renewables generation – 34 terawatt hours (TWh) from wind, hydro and solar between 1 October 2022 to 13 January 2023 – meant the UK was able to avoid 78 liquefied natural gas tankers worth of gas imports. Renewables had produced 2TWh more electricity than gas over this period, as well as being estimated to have displaced the equivalent of a quarter of UK annual gas demand for power, 16% of UK net gas imports, and a fifth of what the country imports via pipelines. Additionally, the report found that other sources of low carbon generation, including nuclear and biomass, generated 20TWh over the winter period. 

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top