Tom Faulkner, Head of Assets & Infrastructure and Networks at Cornwall Insight:
“The report lays out the essential grid investments required to keep pace with the escalating electricity demand fuelled by the widespread adoption of heat pumps and electric vehicles.
“With our sights set on a secure, low-carbon electricity grid by 2035, proactive planning and increased funding are paramount to efficiently distribute power to areas in greatest need. While solutions like high voltage direct current undersea cables off the east coast of Great Britain may carry hefty price tags, they represent the type of forward-thinking required to satisfy nationwide demand.
“Nevertheless, a blend of optimism and realism is necessary when considering our renewable energy ambitions. The 2035 forecasts for wind and solar capacity outlined in the report are notably ambitious compared to our current estimates. Achieving these targets will demand substantial investment, not only in grid infrastructure but also in the renewable generation assets themselves. It’s imperative to recognise the challenges ahead.”
Ends
Notes to Editors
For more information, please contact: Verity Sinclair at v.sinclair@cornwall-insight.com
To link to our website, please use: https://www.cornwall-insight.com/
Copyright disclaimer for commercial use of the press releases:
The content of the press release, including but not limited to text, data, images, and graphics, is the sole property of Cornwall Insight and is protected by UK copyright law. Any redistribution or reproduction of part or all of the content in any form for commercial use is prohibited without the prior written consent of Cornwall Insight.
Media Use Exemption:
The information included in this press release may be used by members of the media for news reporting purposes only. Any other commercial use of this information is prohibited without the prior written consent of Cornwall Insight.
All non-media use is prohibited, including redistribution, reproduction, or modification of our content in any form for commercial purposes, and requires prior written consent. Please contact: enquiries@cornwall-insight.com
About the Cornwall Insight Group
Cornwall Insight is the pre-eminent provider of research, analysis, consulting and training to businesses and stakeholders engaged in the Australian, Great British, and Irish energy markets. To support our customers, we leverage a powerful combination of analytical capability, a detailed appreciation of regulation codes and policy frameworks, and a practical understanding of how markets function.
"Achieving these wind and solar capacity targets will demand substantial investment, not only in grid infrastructure but also in the renewable generation assets themselves."
Tom Faulkner Head of Assets & Infrastructure and Networks
