£29bn boost for the renewable economyMore than £29 billion worth of investment has been announced in the renewable energy sector since 2010 with the potential to support around 30,000 jobs and boost the trades.

At the All Energy Conference today in Aberdeen, Energy and Climate Change Secretary Edward Davey revealed new regional renewables job and investment figures for the green economy.

Speaking at the conference, Mr Davey called on Scotland to remain in the UK to protect current high levels of renewable investment in the trades and safeguard additional employment opportunities for people in the trades.

Mr Davey said: “The UK offers a uniquely attractive, stable, transparent and supportive environment for investment in low carbon generation.

“Between now and 2020, the support we give to low carbon electricity will increase year-on-year to £7.6 billion – a tripling of the support for renewable energy.

“New research by my Department estimates that, since 2010, across the UK, over £29 billion of private sector investment in renewables has been announced supporting almost 30,000 jobs.

“Many of these jobs are highly-skilled and well-paid positions and employees can be proud to be a part of securing the UK’s energy supply.

“The commitment of the UK Government to a vision of a low carbon future is building up a bow wave of new jobs and investment in the economy.”

Renewables jobs and investment

New research shows that since 2010 more than £29 billion worth of investment has been announced in renewable energy with the potential to support around 30,000 jobs.

The figures produced by the Department of Energy and Climate Change show that between January 2010 and April 2013 industry has announced:

  • 18,613 jobs and £14.5 billion investment in England,
  • 9,143 jobs and £13.1 billion investment in Scotland,
  • 1,952 jobs and £1.4 billion investment in Wales,
  • 239 jobs and £304 million investment in Northern Ireland.

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