Kevin Brennan – 2016 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by Kevin Brennan on 2016-03-17.
To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 2 February 2016 to Question 23296, what estimate her Department has made of the amount of (a) public and (b) private sector investment for low-carbon infrastructure and supply chain investment which has been invested in each year for which data is available.
Andrea Leadsom
DECC’s March 2015 Energy Investment Report estimates that total investment in low carbon electricity was £42.1billion between 2010 and 2014. Table 1 below splits this investment out by technology type. Detailed information is not available on how this figure is split between public and private sector investment, though the majority is private sector investment supported by government policies, or how much is invested in the supply chain. In November, the Government renewed its commitment to the transition to a low carbon economy by confirming a continued budget for the Renewable Heat Incentive (RHI). The overall budget for the RHI is to rise from £430 million in 2015/16 to £1.15 billion in 2020/21.
Table 1: Estimated investment in low carbon electricity generation capacity for 2010-2014
|
Estimated investment in electricity generation capacity in £’s billion (2012 prices) |
|
|
Electricity generation technology |
Total |
|
Onshore Wind1 |
7.9 |
|
Offshore Wind |
9.5 |
|
Biomass and Bioenergy2 |
8.8 |
|
Marine |
0.1 |
|
Solar PV3 |
11.4 |
|
Hydro4 |
0.3 |
|
Other Renewable5 |
1.7 |
|
Renewables Generation Capacity Investment |
39.6 |
|
Nuclear6 |
2.5 |
|
CCS |
0.0 |
|
Renewables, Nuclear & CCS Generation Capacity Investment |
42.1 |
Source: DECC’s Energy Investment Report March 2015
1 Including large scale onshore wind, but excluding Scottish Islands onshore wind
2 Including dedicated biomass, biomass conversions, bioliquids, energy from waste, anaerobic digestion (including small scale), advanced conversion technologies, landfill and sewage gas (including CHP variations of any of these technologies)
3 Including large and small scale solar PV
4 Including large and small scale hydro technologies
5 Including Scottish Islands onshore wind, small scale onshore wind, and geothermal (including CHP)
6 2010-2014 investment estimate includes the purchase of Horizon Nuclear Power by GE Hitachi, the purchase of the Moorside site by NuGen and expenditures in the period relating to the development of Hinkley Point C
