Offshore wind farm

Government supports 8,500 green jobs, as 8 major projects unveiled

By: Information Daily Staff Writer
Published: Wednesday, April 23, 2014 - 13:58 GMT Jump to Comments

Eight major renewable electricity projects have been unveiled as part of the government’s electricity reforms, boosting green growth and green jobs.

The projects are estimated to provide up to £12 billion of private sector investment, supporting 8,500 jobs and adding around 4.5GW of low-carbon electricity to Britain’s energy mix to generate enough clean electricity to power over 3 million homes.

It is thought the projects will contribute 14 per cent of the renewable electricity expected to come by 2020, which will put the UK on track to meet its renewable energy target.

The projects include offshore wind farms, coal to biomass conversions and a dedicated biomass plant with combined heat and power.

Energy and Climate Change Secretary Edward Davey said: “These contracts for major renewable electricity projects mark a new stage in Britain’s green energy investment boom.

“By themselves they will bring green jobs and growth across the UK, but they are a significant part of our efforts to give Britain cleaner and more secure energy”.

Recently there has been significant growth in the renewable electricity sector, with the renewable’s share of total electricity generation more than doubling since 2010.

Today’s announcements are the first step in the new Electricity Market Reform programme, Contracts for Difference regime – a world leading UK government initiative.

Davey added: “These are the first investments from our reforms to build the world’s first low carbon electricity market - reforms which will see competition and markets attract tens of billions of pounds of vital energy investment whilst reducing the costs of clean energy to consumers.

“Record levels of energy investment are at the forefront of the government’s infrastructure programme and are filling the massive gap we inherited. It’s practical reforms like these that will keep the lights on and tackle climate change, by giving investors more certainty”, he said.

The eight successful projects have been awarded contracts under the Final Investment Decision (FID) Enabling for Renewables process. The contracts are vital to give investors the confidence they need to pay the up-front costs of major new infrastructure projects.

Together, the successful projects will help provide a secure, affordable supply of electricity and support skilled jobs, boosting growth, supply-chains and businesses across the country.

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