The government’s clean power by 2030 target – one of its five central missions – is incredibly ambitious. But as a “north star”, this mission can help accelerate investment and drive economic growth. Early signs from the first 100 days have been positive: overturning the ban on onshore wind, setting a record budget for the latest renewables auction, and confirming support for the first phase of carbon capture projects. But this must only be the start.
With 2030 in sight, we cannot lose momentum. Industry and government need to work in partnership. And as the UK’s leading power generator and a leading renewables developer, RWE is well placed: we invested €3bn net in new green energy infrastructure projects in the UK between 2021 and 2023 and have ambitions to invest around €8bn net in the years 2024-30.
