UK powers ahead with clean energy investment
UK investment in clean energy more than doubled in the second quarter to a three-year high of $3.6bn (£2.3bn) helped by a giant wind farm five miles off the east coast of Skegness.
The 75-turbine Lincs Wind Farm, a joint venture between Centrica, Siemens and Dong Energy, is expected to begin generating electricity this year. It accounted for $1.6bn (£1.03m) of the investment in UK clean energy in the three months to July, according to new data from Bloomberg New Energy Finance.
The Grimsby Bioethanal Plant, a facility operated by Vireol that will convert wheat into half a million litres of ethanol a day, is also among the largest clean energy investments in the UK in the period, Bloomberg said.
The jump in second-quarter investment – which nonetheless lags behind the $5bn during the rest of 2009 – will cheer the CBI industry association, which said an increase in spending will help lift Britain out of recession.
In comments that put himself at odds with George Osborne, CBI director general John Cridland said: "The so-called 'choice' between going green or going for growth is a false one. With the right policies in place, green business will be a major pillar of our future growth."
Revealed: Devastating impact of 'bedroom tax' sees huge leap in demand for emergency hardship handouts for tenants
Notes from a small island: Is Sealand an independent 'micronation' or an illegal fortress?
You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
Revealed: Eerie new images show forgotten French apartment that was abandoned at the outbreak of World War II and left untouched for 70 years
Chloe Johnson death: Family of five-year-old British girl who died in a pool at in Egypt's Sharm el-Sheikh resort 'angry' that more wasn't done to save her
- 1 Stoke City investigate 'religious abuse' after 'pig's head is found in Kenwyne Jones' locker'
- 2 Gove’s lesson: spare the comma, spoil the child
- 3 Grace Dent on TV: Extreme Couponing, My Strange Addiction, and Here Comes Honey Boo Boo, TLC
- 4 You thought Ryanair's attendants had it bad? Wait 'til you hear about their pilots
- 5 Join Ryanair! See the world! But we'll only pay you for nine months a year
BMF is the UK’s biggest and best loved outdoor fitness classes
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Win anything from gadgets to five-star holidays on our competitions and offers page.
iJobs Money & Business
£550 - £600 per day: Orgtel: Fidessa Analyst / PM - Banking - London - Up to £...
£450 - £500 per day: Orgtel: Sourcing Manager - Banking - London - Up to £500p...
To be discussed at interview.: Queen Elizabeth's School: An experienced and ef...
£294.05 - £330.92 per day + 150 per day travel and accommodation: Orgtel: A le...