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<p>Based on data from BloombergNEF, total investment into UK offshore wind, onshore
wind and solar PV was £143bn over 2009-2023 (converted to real 2023 prices, nearest
£bn). For these technologies, a record £19bn was in 2023, helping the renewable share
of total UK electricity generation increase from 7% in 2010 to nearly 50% in 2023.</p><p>
</p><p>In the UK, renewables receive levy-funded support through legacy schemes (Renewables
Obligation [RO] and Feed-in Tariffs [FiTs]), and our Contracts for Difference (CfD)
mechanism. The OBR regularly publish estimates of levy spend for the prior financial
year across the RO and CfD schemes, and Ofgem publishes estimates for FiTs, aggregated
for all renewables. For the CfD scheme only, the LCCC publish data at a technology
and plant level.</p>
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