Government promises more wind energy cash

August 5, 2013 by  
Filed under Green Energy News

The government has pledged to spend £66m on offshore wind developments, claiming this will help create 30,000 jobs and contribute £7bn to the economy by 2020.

Investments by the government will include £20m from the Regional Growth Fund to improve the UK wind industry’s supply chain and £46m to join up innovation between industry, government and academia and help companies to bring new products to market.

“Offshore wind is already an important contributor to our energy mix, with the amount of electricity we generate from it increasing by 46% last year,” said energy secretary Ed Davey.

“Yet the future opportunity is much greater, so we have provided more certainty to offshore wind investors, setting out the support available under the Renewables Obligation and publishing draft strike prices earlier than expected.”

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