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World-leading auctions to provide major green electricity boost

February 28, 2015 9:44 PM

Green Energy graphicLiberal Democrat Minister for Energy & Climate Change Ed Davey has announced plans for 27 renewable electricity projects which together could power 1.4 million homes, comparable to the number of households in Wales.

If built, these projects could support thousands of green jobs, bolster energy security and cut the cost of renewable electricity.

The green energy auction has driven down prices, by as much as 58 per cent for one technology. The auctions have successfully led to over £315m of new contracts been offered to five renewable technologies, such as onshore wind and solar.

Ed Davey said:

"Under this first green energy auction we've seen prices tumble, while securing new energy generation and thousands of green jobs across the UK. Onshore wind and solar prices are clearly leading the way for the cheapest green energy out there, and the Conservatives now have some serious questions to answer."

"If they want to tackle climate change and do it through bringing on more green energy then why press the stop button on onshore wind? An end to onshore wind means you're either saying no to tackling climate change, or you're having to plug the gap with a more expensive form of energy that will put everyone's energy bills up."

Commenting on these plans Isle of Wight's Lib Dem candidate David Goodall said:-

"This also good news for jobs on the Island will increase further the trebling renewable energy generation in this parliament, which has been assisted by the Lib Dem world first of a Green Investment Bank, that specialises in bring these projects to fruition."