Barbour ABI – an approved independent provider of construction data to the Office for National Statistics (ONS) and the British Government – has released new data revealing a total of 405 renewable energy projects are in the in the UK pipeline.
Worth a combined total of £81 billion, these projects now account for nearly half (47%) of proposed UK infrastructure projects.
A breakdown of these figures also show that planned Scottish renewables developments account for nearly 20% of the UK total.
All but 17 of the UK schemes are new build, indicating the significance of the renewable energy sector within construction, with proposed projects including the £25 billion Severn Barrage, phases one to six of the East Anglia One off-shore wind farm worth £10.8 billion collectively and the £3.75 billion off-shore wind farm at Hornsea.
The data also highlights the importance of wind power in the renewable energy mix, with wind farms accounting for nine of the top 10 most valuable projects.
Michael Dall, lead economist at Barbour ABI, commented: “The scale of renewable energy projects proposed in the UK is staggering and investment in this sector shows no signs of slowing.
“According to our latest Economic and Construction Market Review, utilities were the major infrastructure project type. This is no surprise given the number and value of contracts being awarded which is due, among other things, to the levels of subsidy currently provided by the Government.
“With a number of these projects already confirmed and many more at early stages of planning, the future of renewable energy construction in the UK looks bright.”