Ed Davey backs renewables as offshore wind investment announced

Energy Secretary Ed Davey has today reaffirmed the government’s commitment to renewables and announced that four offshore windfarms are to receive £2.5m of investment.

Speaking at the RenewableUK conference in Birmingham, Davey said: “The renewable energy sector supports 35,000 green jobs and the sector is crucial to green growth and energy security.

“A mix of technologies is vital to secure Britain’s energy supplies and reduce the environmental impact of powering our homes and businesses.”

“The private sector has announced investment of £31 billion in renewable electricity generation over the last three years, and the UK remains one of the most attractive electricity investment markets anywhere in the world,” he said.

According to the Department for Energy and Climate Change (DECC), renewable energy capacity has increased by almost 40 per cent since 2012, and supplies more than 15 per cent of the UK’s electricity generation, which is approximately half way to the Government’s 2020 renewable electricity goals.

The comments come just weeks after the Prime Minister David Cameron said green levies needed to be “rolled back” to help reduce consumers’ energy bills.

However, Davey said investment in renewables innovation would “reduce bills for households and businesses; and strengthen energy security by offering a range of technology options for the UK to deploy”.

The four companies to receive a share of the £2.5 million were Ricardo UK, TetraFloat, Blade Dynamics and SSE Renewables UK.

The investment is part of a package of support provided by members of the Low Carbon Innovation Coordination Group (LCICG), who together are providing over £100 million of targeted financial support to develop innovative offshore wind technologies between 2011 and 2015.