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<p>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.</p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p> </p><p>
</p><p> </p><p> </p><p><strong><em>Table 1: Estimated investment in low carbon electricity
generation capacity for 2010-2014</em></strong></p><table><tbody><tr><td><p> </p></td><td><p>Estimated
investment in electricity generation capacity in £’s billion (2012 prices)</p></td></tr><tr><td><p>Electricity
generation technology</p></td><td><p>Total</p></td></tr><tr><td><p>Onshore Wind1</p></td><td><p>7.9</p></td></tr><tr><td><p>Offshore
Wind</p></td><td><p>9.5</p></td></tr><tr><td><p>Biomass and Bioenergy2</p></td><td><p>8.8</p></td></tr><tr><td><p>Marine</p></td><td><p>0.1</p></td></tr><tr><td><p>Solar
PV3</p></td><td><p>11.4</p></td></tr><tr><td><p>Hydro4</p></td><td><p>0.3</p></td></tr><tr><td><p>Other
Renewable5</p></td><td><p>1.7</p></td></tr><tr><td><p><strong>Renewables Generation
Capacity Investment</strong></p></td><td><p><strong>39.6</strong></p></td></tr><tr><td><p>Nuclear6</p></td><td><p>2.5</p></td></tr><tr><td><p>CCS</p></td><td><p>0.0</p></td></tr><tr><td><p><strong>Renewables,
Nuclear & CCS Generation Capacity Investment</strong></p></td><td><p><strong>42.1</strong></p></td></tr></tbody></table><p><em>Source:
DECC’s Energy Investment Report March 2015</em></p><p> </p><p> </p><p><em>1</em><em>
Including large scale onshore wind, but excluding Scottish Islands onshore wind </em></p><p><em>2</em><em>
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)</em></p><p><em>3</em><em>
Including large and small scale solar PV </em></p><p><em>4</em><em> Including large
and small scale hydro technologies </em></p><p><em>5</em><em> Including Scottish Islands
onshore wind, small scale onshore wind, and geothermal (including CHP)</em></p><p><em>6</em><em>
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</em></p>
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