Global Wind Day Recognises Worldwide Renewable Energy

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Global Wind Day takes place tomorrow, Wednesday 15 June, around the globe. The international event aims to encourage wind discovery, its power, and the way it can be used to change the world. A variety of public events will be on offer including the chance to visit wind farms, meet experts, attend events and find out more about wind energy.

Louise Ward, Investor Relations Director at Low Carbon, said: “In light of Global Wind Day, we’d like to see the UK harness the full potential of wind power as a viable energy source for the UK. Partnered with other renewable energy technologies such as solar PV, wind energy can make a significant contribution to changing the UK’s energy mix to become more sustainable, and to help reduce the country’s carbon emissions. Last year was a record-breaking year for wind energy in this country, with 11 per cent of total electricity being generated by wind power. Moreover, according to The Department of Energy and Climate Change, renewable energy accounted for 24.7% of total electricity generation in the UK in 2015, which strongly suggests that renewable energy is a core, resilient electricity source that is here to stay.

Results like this reinforce the fact that the UK must continue to create a positive investment climate for renewable energy technologies, as an alternative to investments in fossil fuels. Wind farms, in particular, can be an attractive option for those who wish to divest from carbon-heavy technologies, especially in an age of oil and gas volatility. Wind turbines make financial sense as well, as they generate electricity all year round and are typically long-term, inflation-linked contracts, generating attractive, stable returns. Investments in the solar and wind sector, for example, are predicted to be the best outperformers (between 0.5% to 3.5% additional annual returns) over the next 35 years.”

Find out more about Global Wind Day here.