Without a 'quantum leap' in offshore wind capacity investment through reforms to the energy markets in order to attract pensions and life assurance funding, the UK will miss its 2020 renewable energy targets, according to a new analysis by Pricewaterhouse Coopers (PwC). Offshore wind plays a make-or-break role in the UK's renewable energy strategy. It is targeted with delivering around half of the additional 27 GW generation capacity required to meet the country's 30% renewable generation target by 2020. Last year, less than half the average annual roll-out rate of 1.1 GW needed to meet the 2020 target was achieved, PwC says.
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