The Government proved its continuing commitment to renewable energy yesterday, when Energy Secretary Edward Davey announced plans for further investment in to offshore wind projects.
The four wind projects will each receive a share of £2.5m under the Offshore Wind Component Technologies Scheme.
Over 15% of UK electricity is now supplied from renewable sources, the capacity increasing by almost 40% since 2012.
Changes to the DECC Renewable Energy Roadmap were made recently to reflect the successes of Britain’s drive towards renewable energy sources, not only in terms of implementation, but also of public and private sector support.
Speaking at the Renewable UK conference in Birmingham, Edward Davey said:
“The renewable energy sector supports 35,000 green jobs and the sector is crucial to green growth and energy security.
“A mix of technologies is vital to secure Britain’s energy supplies and reduce the environmental impact of powering our homes and businesses.
“The private sector has announced investment of £31 billion in renewable electricity generation over the last three years, and the UK remains one of the most attractive electricity investment markets anywhere in the world.
“Investment in innovation now will improve the affordability of the technologies we deploy in the future; reduce bills for households and businesses; and strengthen energy security by offering a range of technology options for the UK to deploy.
“Successful innovation could save the UK up to £160 billion in energy supply costs to 2050 and contribute up to £89 billion to the UK economy over the same period.”
Click here to view the updates to the DECC Renewable Energy Roadmap.