Government underpins £12bn investment in renewable energy

Image: Walney offshore windfarm named in first wave of green energy projects

clickgreen.org.uk - April 23rd, 2014

The UK Government has announced the first wave of renewable electricity projects to receive financial guarantees, providing a huge boost to the nation’s green growth and green jobs.

By 2020, the eight projects unveiled today will provide up to £12 billion of private sector investment, supporting 8,500 jobs, and they could add a further 4.5GW of low-carbon electricity to Britain’s energy mix, or around 4% of capacity.

The five offshore wind farms and three biomass power plants have progressed through the Final Investment Decision Enabling for Renewables (FID-ER) process, and have been offered contracts for financial support.

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