Insight: Britain's creaking power grid leaves green energy revolution adrift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2024
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Source: reuters
- Wightlink's Electric Ferry Plans:
- Wightlink aims to order a $60 million electric ferry to reduce emissions, but faces delays due to power upgrades needed.
- The company wants to transition to cleaner transport following Norway's lead in introducing electric ferries.
- Decarbonizing maritime transport is crucial for Britain's net zero target by 2050.
- Challenges include long waits for grid connections and planning obstacles putting green investments at risk.
- The government aims to accelerate grid connections to support the shift to electric ferries and renewable energy.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
