£9.1bn
£X.Xbn
11,275
127
£XXX.Xm
Increased awareness about the effects of climate change has driven an aggressive decarbonising strategy, spearheaded by renewables. Government targets and incentives are encouraging major investment in renewable assets among UK energy giants, while technology developments have boosted potential generating capacity, particularly in offshore wind, which has grown the fastest of all renewable energy sources. Government data shows that the share of electricity generated by major power producers from renewables surged from 31.2% in 2019 to 42.1% in 2023.
Industry revenue has grown at a CAGR of 3.4 % over the past five years, to reach an estimated £9.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
SSE plc | 1,572.3 | |
Orsted Power (UK) Ltd | 1,420.1 | |
Scottish Power UK plc | 1,331.8 |
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Industry revenue is measured across several distinct product and services lines, including Offshore wind power, Onshore wind power and Solar photovoltaics. Offshore wind power is the largest segment of the Renewable Electricity Generation in the UK.
The UK leads the way in offshore wind power
This industry comprises establishments that generate electricity from renewable natural resources such as sunlight, wind, tides and biomass. It only includes the generation of electricity from sources that are inexhaustible and can be replenished indefinitely, unlike fossil fuels such as coal. This industry does not include transmission or distribution activities.
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SIC 35.11 - Renewable Electricity Generation in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Decarbonisation targets spark industry growth. The government wants carbon removed from the UK’s power mix by 2035, driving up renewable generation.
Learn about an industry's products and services, markets and trends in international trade.
Renewed government support boosts solar and onshore wind's contribution to the energy mix. After the government lifted a block on onshore wind and solar investment in Contrac...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The East of England boasts a large offshore capacity. This is the result of shallow waters and high wind speeds in the North Sea and makes it the second-most important region...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Price controls limit competitive pressure. Most renewable generators are held hostage by price regulation, restricting the amount they can charge for renewables. This makes d...
Learn about the performance of the top companies in the industry.
Orsted has overtaken the industry’s other major players. Regular capacity expansion – with more planned in the future – has put it at the top of the market.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Contracts for Difference auctions are key. These are the government's main mechanism for attracting investment in renewables, with a fixed price guaranteed for each unit of e...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profits climb amid rising energy prices. As prices shoot up, generators that aren't subject to regulated prices rake in more revenue to spread their fixed costs across. Howev...
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Renewable Electricity Generation in the UK industry in United Kingdom is £9.1bn in 2024.
There are 127 businesses in the Renewable Electricity Generation in the UK industry in United Kingdom, which has grown at a CAGR of 22.5 % between 2019 and 2024.
The market size of the Renewable Electricity Generation in the UK industry in United Kingdom has been growing at a CAGR of 3.4 % between 2019 and 2024.
Over the next five years, the Renewable Electricity Generation in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Renewable Electricity Generation market in United Kingdom are SSE plc, Orsted Power (UK) Ltd and Scottish Power UK plc
Offshore wind power and Onshore wind power are part of the Renewable Electricity Generation in the UK industry.
The company holding the most market share in United Kingdom is SSE plc.
The level of competition is moderate and decreasing in the Renewable Electricity Generation in the UK industry in United Kingdom.