An overview of the investment secured in energy since 2010.
The report shows the significant progress made against the energy investment challenge inherited in 2010 where energy projects accounted for nearly 60% of the UK National Infrastructure Plan (£218bn out of the £377bn).
Since 2010, investment worth more than £45 billion has been secured in electricity infrastructure alone – the majority of this investment has been in renewable technologies.
The Department’s analysis had previously identified a need for up to £110bn of electricity infrastructure investment between 2013 and 2020 and we are delighted to see nearly £14bn invested against the £110bn target in 2013 with a consequent reduction in the future estimated spend requirement - which now stands at up to £100bn through to 2020.
Since 2010 DECC has recorded investments in large scale renewable electricity totalling over £34 billion, with the potential to support around 37,000 jobs. The map on this page outlines how this is spread across the UK.