Border to Coast invests £48.5m in renewable energy infrastructure
Investment will support green jobs and tackle climate change
The investment will help to create new green jobs and reduce carbon emissions
Border to Coast has announced a £48.5m investment in renewable energy infrastructure projects across the UK. The funding will be used to support the development of new solar and wind farms, as well as to upgrade and improve existing renewable energy infrastructure.
The announcement comes as the UK government has set a target of reaching net zero emissions by 2050. The investment from Border to Coast will help to support the UK's transition to a low-carbon economy.
The investment will also help to create new green jobs. The projects will be delivered by a range of contractors and suppliers, and are expected to create around 1,000 new jobs.
Projects to be funded by the investment
The investment will be used to fund a range of renewable energy projects, including:
- The development of a new solar farm in Kent, which will generate enough electricity to power 10,000 homes
- The construction of a new wind farm in Scotland, which will generate enough electricity to power 15,000 homes
- The upgrade of an existing wind farm in Wales, which will increase its capacity by 20%
The projects are expected to be operational by 2025, and will help to reduce carbon emissions by an estimated 1 million tonnes per year.
Benefits of the investment
The investment will bring a number of benefits to the UK, including:
- Creating new green jobs
- Reducing carbon emissions
- Supporting the UK's transition to a low-carbon economy
- Boosting the UK's energy security
The investment is a significant step towards achieving the UK's net zero emissions target. It will help to create a cleaner, greener and more sustainable future for the UK.