UK government unveils eight major renewable energy projects

May 7, 2014  + + +  Eight major renewable electricity projects are unveiled as part of the government’s world leading electricity reforms, giving a massive boost to green growth and green jobs. By 2020, the projects will provide up to £12 billion (US$20 billion) of private sector investment, supporting 8,500 jobs, and they could add a further 4.5 GW of low-carbon electricity to Britain’s energy mix (or around 4% of capacity), generating enough clean electricity to power over three million homes.

Once built, the successful projects will contribute around 15TWh or 14% of the renewable electricity we expect to come forward by 2020, helping to put the UK well on the way to meeting the UK’s renewable energy target. They will also reduce emissions by 10 MtCO2 per year compared to fossil fuel power generation.

The projects have been offered under Contracts for Difference (CfD), which form part of Government’s world leading Electricity Market Reform program. They include offshore wind farms, coal to biomass conversions and a dedicated biomass plant with combined heat and power.dence they need to pay the up-front costs of major new infrastructure projects.
The contracts are supported by the new legislative framework introduced through the Energy Act 2013. Further CfDs will be made available in the autumn and the Government intends to publish further details of the allocation process alongside the Government Response to the January Consultation on Competitive Allocation of CfDs shortly.

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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