To ask the Secretary of State for Energy and Climate Change, what estimate he has made of private-sector investment in renewable energy in the UK in each year since 2010.
Answered on
19 March 2015
Bloomberg New Energy Finance analysis shows over $50bn (approximately £32bn) has been invested in renewable energy in the UK since 2010. The breakdown by year and technology is as follows.
Sector $m | 2010 | 2011 | 2012 | 2013 | 2014 | Total |
Wind | 8,046 | 2,573 | 4,597 | 6,131 | 8,029 | 29,377 |
Biomass & Waste | 1,323 | 3,190 | 2,063 | 3,327 | 3,012 | 12,915 |
Solar | 41 | 1,383 | 1,638 | 2,916 | 1,608 | 7,586 |
Marine | 62 | 53 | 28 | 20 | 142 | 305 |
Geothermal | 0 | 19 | 0 | 0 | 0 | 19 |
Small hydro (<=50 | 118 | 84 | 16 | 0 | 0 | 219 |
Total | 9,590 | 7,302 | 8,342 | 12,394 | 12,791 | 50,419 |
Source: Bloomberg New Energy Finance, new investment, excluding R&D
Answered by
Department for Energy and Climate Change