Government has secured £100 billion of clean energy investment

More than £100 billion in clean energy investment announcements has been secured since the Government came to office, Energy Secretary Ed Miliband confirmed at London Climate Action Week, as he declared Britain is part of a global boom in clean energy that is creating jobs across the UK and boosting energy security.

It follows a recent announcement of up to £9 billion investment from Japan into the UK’s offshore wind industry, and Rolls-Royce SMR winning a multi-billion-pound Sweden nuclear export contract off the back of the UK’s pioneering SMR programme. Meanwhile this week, National Grid confirmed £1.2 billion of contracts to upgrade 1,000 km of transmission lines.

This year’s renewable auctions have unlocked the largest chunk of private investment this parliament, with £27 billion mobilised in clean energy investment. $2 trillion investment is expected globally in clean energy this year.

Energy Secretary Ed Miliband said:

“The UK’s clean energy economy is booming. Today we announce we’ve passed the incredibly significant milestone of over £100 billion of private investment announced in clean energy since our Government came to office. That means investment, jobs, growth.”

gov.uk