The renewable energy industry in the UK has experienced significant growth, with renewable electricity generation reaching a record high of 111 TWh in 2020, accounting for 43% of total electricity generation.
Investments in the renewable energy sector have been on the rise, with over £29.8 billion invested in renewable energy projects between 2013 and 2019, supporting thousands of jobs and driving economic growth.
Despite increased investments in the renewable energy sector, securing adequate financing for large-scale projects can still be challenging, particularly for early-stage or innovative technologies, due to uncertainties around regulatory frameworks, government policies, and economic conditions.
The renewable energy industry is expected to continue its growth trajectory regardless of any difficulties. With increased investments, technological advancements, and supportive policies driving further deployment of renewable energy sources such as solar, wind, and energy storage.