The UK has a huge challenge ahead to reach Net Zero by 2050 at an estimated cost of around £1.5 trillion.
Decarbonising the energy sector is central to these ambitions. More clean energy, energy storage and energy networks must be built whilst maintaining a balanced portfolio of technologies to handle fluctuating supply and demand. The UK has already made good progress, but the pace of change must quicken.
Renewable energy generation and storage is also key to decarbonising other sectors, most notably industry and transport and as well as the power and heat needed for our real estate.
At Newmark, we are working at the leading edge of this transition in the UK, advising on sectors including wind, solar, batteries, hydropower, hydrogen, data centres, gigafactories, nuclear, carbon capture and closure and the repurposing of retired fossil power stations.
The services we provide span development and land transactions, business rates, capital markets, valuations, lease advisory and planning. We also view this growing sector as an alternative real estate investment class—representing a huge opportunity for investors to deploy capital into the Net Zero transition over the coming decade.
The energy transition has wide ranging implications for traditional real estate sectors and we are working with our landlord and occupier clients to understand how our offices, communities and logistics park will need to adapt to be Net Zero ready.
Our national energy team advises some of the sector’s leading names and we are also advisors to the Energy UK, Solar Energy UK and the Energy Networks Association.
