Britain to become renewable energy hub?

Great Britain could become a world centre for renewable energy through harnessing wind and wave power.

This is according to a new survey from the Offshore Valuation Group, which also believes 145,000 jobs could also be created.

Chaired by the Public Interest Research Centre (PIRC), the group also determined that by 2050, the country could generate enough electricity to equate to one billion barrels of oil and gas.

Tim Helweg-Larsen, Director of PIRC, commented: "To discover that we own a resource with the potential to return the UK to being a net power exporter, and on a sustainable basis, is genuinely exciting."

He said that the findings should act as a wake-up call to the renewable energy industry.

It was recently suggested by price comparison site uSwitch.com that consumers could see their energy bills fall as suppliers have reported profits for the past 12 months.

Posted by Martin Ellis