Jurisdiction(s):
United Kingdom

Key definition

Renewable energy definition

What does Renewable energy mean? In legal practice, renewable energy describes electricity or heat generated from naturally replenishing sources on a human timescale, and the term appears across energy regulation, planning, environmental and finance documents. It is a descriptive expression, with statutory wording varying by regime. In Great Britain and Northern Ireland, legislation commonly refers to “renewable sources”, typically defined for support schemes (for example the Renewables Obligation and successor arrangements) as sources of energy other than fossil or nuclear fuels; this can include the biogenic fraction of waste. In Ireland, usage follows the EU Renewable Energy Directive, which defines energy from renewable sources to include...

Onshore Wind Project Finance: A Lawyers’ Guide to Structure, Offtake (CfDs and PPAs), Construction Interfaces, O&M, Risk Allocation, Insurance, Curtailment, Repowering and Decommissioning

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Practice notes

Introduction

Wind energy has been pivotal in driving the shift in generation from fossil fuels to renewables. Among renewable technologies, onshore wind is generally inexpensive and its costs have fallen sharply over the last decade; a recent International renewable energy agency (IRENA) analysis indicates the levelised cost of onshore wind power dropped by 69% between 2010 and 2022. In contrast with offshore turbines, which contend with stronger winds and need underwater installation and maintenance, onshore turbines are regarded as relatively low-tech and straightforward to set up. As a result, onshore wind is among the most widely deployed renewable options, supported by a mature global market that in 2023 surpassed 940 GW of capacity across developed and developing nations on five continents. By comparison, offshore wind — with just 72 GW across three continents — is far smaller than the more advanced onshore segment. Despite the onshore market’s size and maturity, rollout remains robust, with more than 105 GW added in 2023 versus 54 GW in 2019. In 2023, onshore wind accounted for 11.4%...

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Web page updated on 21/05/2026

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