DECC announce renewable projects worth £2.5bn

The Energy Secretary has revealed that in the current financial year, companies have announced plans for almost £2.5billion worth of investment in renewable energy projects in the UK, with the […]

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By Tom Gibson

The Energy Secretary has revealed that in the current financial year, companies have announced plans for almost £2.5billion worth of investment in renewable energy projects in the UK, with the potential to create almost 12,000 jobs across the country.

Chris Huhne said the economic impact of renewable technologies in creating jobs was evidence enough that the UK’s targets were worthwhile: “Renewable energy is not just helping us increase our energy security and reduce our emissions. It is supporting jobs and growth across the country, and giving traditional industrial heartlands the opportunity to thrive again.”

Currently there is an EU target to source 20% of energy from renewable sources across the European Union by 2020. The UK aims to generate 15% of its energy from renewables. Mr Huhne said: “Our renewable target is less demanding than other EU member states, but the effect is bringing real jobs and investment.”

Despite DECC announcing a UK increase in renewable energy consumption of 27% from 42.6TWh in 2008 to 54TWh in 2010, this only equates to 3.3% of total energy consumed.