Government approval has been granted for eight major renewable
energy projects which are expected to create up to 8,500 new jobs,
could help power approximately three million homes and generate up
to £12billion worth of private investment.
The projects have been offered under Contracts for Difference
(CfD), which form part of the government's Electricity Market
Reform programme, an initiative aimed at encouraging investment in
low-carbon electricity, and include offshore wind farms (including
Liverpool Bay and off the Moray, Norfolk and Yorkshire coasts) and
coal-powered to biomass conversations.
The eight contracts, once built, 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.
