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The Winds of Change

24 April 2014 | Updated 01 January 1970
 

Eight major renewable electricity projects have been unveiled as part of the Government’s electricity reforms.

The Government, via the Department of Energy and Climate Change (DECC), states that by 2020, the projects 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), generating enough clean electricity to power over 3 million homes.

Once built, the projects will contribute around 15TWh, or 14% of the renewable electricity by 2020, as well as contributing to meeting the UK’s renewable energy target. They will also reduce emissions by 10 MtCO2 per year compared with fossil fuel power generation.

The projects have been offered under Contracts for Difference (CfD), which form part of government’s Electricity Market Reform programme. They 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 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. We are supporting this growth to continue through Electricity Market Reform and expect to deliver over 30% renewable electricity in 2020.”

Article written by Mike Gannon | Published 24 April 2014

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