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Green jobs could be threatened by UK government spending cuts it has emerged this week.
Government departments are for the first time facing 25% budget reductions and this is expected to have significant consequences for the country.
One area of public spending at risk is ‘The Ports fund’. The fund was announced by the Labour government [...]
German utility company Stadtwerke München (SWM) has bought a 30% stake in RWE Innogy’s Liverpool Bay wind farm Gwynt Y Mor.
According to industry sources, the company has been looking for a finance partner to share the £2bn offshore wind investment required for well over a year. Wind turbine manufacturer Siemens has also bought a 10% stake in the project.
Read: German Companies Join Forces to Build UK Offshore Wind FarmWind turbine manufacturer GE announced this week that it plans to spend 110m Euros (US$147m) and create up to 2000 green jobs in the UK. The company is to join other wind turbine manufacturers who have recently decided to invest heavily in the UK offshore wind energy market.
GE plans to build an offshore wind turbine manufacturing base in the UK and will also create application and service engineering centres around the country. GE say the investment will follow the successful outcome of the UK governments grid infrastructure competition which is intended to make the roll out of Round 3 UK offshore wind a reality. The company wants to develop a 4 Megawatt capacity wind turbine.
President and CEO of GE International Ferdinando Beccalli-Falco said;
Read: GE to Create 2000 Green Jobs in the UKIt has been a good financial week for renewable energy with the European Union agreeing to fund 7.2 billion euros for tackling global warming at Copenhagen. Also this week, the UK Government announced further financial help for offshore wind. Thursday’s pre-budget report proposed an extension to the time limit on double credits for offshore wind energy projects.
Offshore wind energy projects operational before 2014 will recieve 2 renewable obligation certificates (ROCs) rather than the 1 ROC onshore wind energy recieves.
The British Wind Energy Association (BWEA) welcomed Chancellor Alistair Darling’s Pre-Budget Report commitment to maintain support for offshore wind energy at 2 ROCs per megawatt hour (MWh) to 2014. The UK is the world leader in offshore wind with more projects installed, in planning and in construction than any other country in the world. The BWEA anticipate that by 2020 at least 20,000MW of offshore wind will be installed and operating in UK waters.
Read: Offshore Wind Energy Credits ExtendedAfter over a year of preparation, the Government has released a new UK national policy statement on renewable energy.
The statement is one of a series of NPS (National Planning Statements) documents intended to guide the new Infrastructure Planning Committee (IPC) in coming to decisions on large scale infrastructure projects. The statements will set out criteria on national need, benefits and impacts. With the exception of the NPS for airports and nuclear power stations, sites are not identified for specific proposals.
The Renewable Energy NPS applies specifically to biomass and onshore wind energy projects comprising 50 Megawatts + and to offshore wind energy projects, including the substations and new overhead power lines.
Read: New Renewable Energy Planning Statement Released