UK shows support for renewable energy with £7.6 billion Energy Bill pledge

The UK Government has finally provided a clear commitment of support for the renewable energy industry today with the major announcement of a £7.6 billion package of investment.

After months of uncertainty, the Government revealed the huge financial boost as it set out the measures for inclusion in the upcoming Energy Bill.

It has been estimated that the Treasury's firm commitment for the provision of £7.6 billion for the renewable energy sector between 2015 and 2020 will now act as the catalyst for at least a further £40 billion of private sector investment.