Soaring natural gas prices offset by increased output of Britain's growing wind turbine fleet
Britain’s wind farms generated a record amount of electricity in 2022 as gusty weather and a growing fleet of turbines softened the impact of soaring natural gas prices. Picture: BLOOMBERG
Wind power will be a critical factor in how well Europe manages an energy crisis that’s already cost more than $1-trillion. Higher wind speeds will ease the need to burn gas that’s been in scarce supply since Russia cut flows to Europe after its invasion of Ukraine. Building more wind farms will allow the UK to cut gas use and reach its climate goals.
The record production was boosted by the addition of a number of major offshore wind farms. At least one more is entering into service in 2023, with the 1.1GW Seagreen project from SSE Plc and TotalEnergies SE set to begin operating in the summer. Even with more capacity, there will be periods when the wind doesn’t blow. That happened last week during a period of freezing temperatures, forcing plants that burn natural gas to plug the gap. But over a longer time frame, wind power will cut fossil fuel demand and conserve inventories.
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