Five Year Plans to Invest into Renewable Energy Resources

Renewable energy will get a boost while the government has unveiled five year plans to live up to it green energy targets by 2020.

The plans were revealed on Tuesday as the government has made a decision to invest as much as 600 million pounds in the biomass projects. Such products will make use of straw and sawdust kind of materials to burn them and generate power.

The Department of Energy and Climate Change (DECC) is now making decisions over the subsidies to be given to the investors who are to invest into new solar and biomass power plants. These subsidies shall be meant for the time period of 2013-2017.

The government has accepted to relax the subsidies on the project after the production goes above 400 megawatts. These subsidies are being employed with a motive to get 15% of its energy from renewable sources. The reduction in carbon output is also a part of the plans. However, it shall face some problems in the time of economic difficulties.

"This country needs to attract billions of pounds of investment to ensure Britain's power generating infrastructure is fit for purpose and declaring biomass alive and well is valuable first step", said Peter Dickson, the technical Director at BNP Paribas Clean Energy.


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