23/04/2014

Eight Renewable Energy Projects Approved

Plans for eight major renewable energy projects have been approved by the government as part of energy measures, expected to generate enough clean power for three million homes, support 8,500 new jobs and attract more than £12bn in private investment.

Despite the measures increasing household bills, ministers claim that they will provide clean power and cut costs overall.

The new projects will contribute around 4% of the nation's total energy supply.

The schemes are being taken forward under the Government’s Contracts for Difference (CfD), under which generators and developers receive a fixed price for the electricity they produce for 15 years.

The project include offshore wind farms in Liverpool bay, and off the Moray, Norfolk and Yorkshire coasts.

Measures are set to increase household bills nearly 2% by 2020 when it is hoped some 30% of electricity will come through renewable means.

(CVS)

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