Government has secured £100 billion of clean energy investment

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 today (Tuesday 23 June), National Grid confirmed £1.2 billion of contracts to upgrade 1,000km 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.”

The Energy Secretary is today due to speak alongside the UN Secretary General Antonio Guetteres, EU Energy Commissioner Dan Jorgensen and Executive Director of the IEA Fatih Birol at the Global Energy Transition and Electrification Summit.