Siemens has teamed up with nearly 100 mayors and local council leaders to drive development of £100bn of clean energy projects across the UK, in an effort to accelerate the UK’s progress to net zero emissions. The German energy giant announced the partnership with the UK100 network of mayors and council leaders yesterday. The two organisations plan to work with central Government to clear the way for new clean energy projects. Siemens and UK100 have identified £100bn of potential clean energy projects for the UK but only a small proportion are currently ready for the market, with many facing barriers to development. Siemens thinks it can work with the government’s planned Local Energy Hubs to guide project development and clear the way for building the schemes. Financing for the projects will come from local authorities, private capital and government investment. The initiative will aim at generating projects at “significant commercial scale,” Siemens said. The first stage of the partnership will involve a series of regional workshops to discuss the business case for investment and consider how government policy can support this.
Business Green 1st Oct 2019 read more »