Eight renewable energy projects approved

Eight major renewable energy projects, expected to support 8,500 jobs, have been given government approval.

The contracts, which include offshore wind farms and conversions of coal-powered plants to run on biomass, are the first awarded under the government’s energy market reforms.

Energy Secretary Ed Davey said the projects would help power up to three million homes.

He also expects them to attract £12bn in private investment.

The eight projects will all receive one of the government’s Contracts for Difference (CfDs), which effectively guarantee prices for renewable energy suppliers.

These could cost up to £1bn each year in subsidies, but the government says they would encourage firms to invest much more than that in low-carbon electricity generation.

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

To view the full report on the BBC website, please click here

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