Renewables share of generation in Q1 2017 was 26.6%. Clean power generated a record 24.8 terrawatt-hours (TWh) out of total generation of 93.2TWh. Renewables capacity in the UK reached 36.9GW, up 12% on the previous year.
In the year to May 2017, inheritance tax (IHT) collected by HMRC rose by 9% on the previous year, from £4.7 billion to £5.1 billion. The number of family estates subject to IHT has quadrupled since 2010, from 10,000 to 40,000. An investment in UK commercial forestry provides 100% from IHT, after two years of ownership. Some renewable energy investments also qualify for IHT relief.
Institutional investors remain eager to put money to work on renewable energy projects even as U.S. President Donald Trump has vowed to revive their chief competitor: coal, financial executives said at a conference this week.
Bialowieza Forest in Poland is one of the last large tracts of the primeval woodlands that once carpeted northern Europe. It is currently being systematically felled, in defiance of EU edicts to stop the clearance.
The 21 April 2017 will surely go down in history as the first day since 1882, that no coal was used in a UK power station to supply electricity. National Grid confirmed that it went a whole 24 hour period without using coal as part of its energy mix. With all coal stations due to be phased out by 2025 this event is likely to become more frequent and renewables will become a greater part of the generation mix.