£5 billion of energy investment projects announced
15th November 2018 | Commercial Energy
The President of the Board of Trade, Liam Fox, announces the launch of the UK’s first Energy Investment Portfolio, worth an estimated £5 billion. Around £5 billion of energy and infrastructure projects across the UK will be promoted to global investors as part of a new portfolio of opportunities, the International Trade Secretary announced today (15 November) at the Board of Trade in Swansea. The £35 million Morlais Marine Energy Infrastructure Project in West Wales is one of the projects announced today.
The eleven new projects in the Energy Investment Portfolio will not only create jobs in the energy sector, but will reduce energy costs for hard-working British families and have widespread benefits for the environment.
The opportunities are across the UK, including:
- Up to £1 billion of anticipated investment into the City Leap Programme in Bristol
- £65 million of opportunity in the Mishergas Waste to Fuel Plant, also in Bristol
- £60 million of potential investment to the Carlton Forest Waste to Energy Plant in Nottinghamshire
- Around £480 million for new CoGen Waste to Energy Plants in Birmingham, Cardiff and North Lanarkshire
- Around £40 million of investment for a Reliagen integrated electric vehicle and battery storage facility in West London
- Two projects worth and estimated total of £135 million in Wales
- Two projects worth a projected £1 billion in Scotland, including Aberdeen Hydrogen
Almost £3 billion for UK-wide projects including Gridserve’s Electric Vehicle Forecourt Network and Pivot Power’s battery storage and electric vehicle charging project.
The Energy Investment Portfolio is the latest offer for international investors, following the launch of seven new investment projects in October, worth £2 billion.
International Trade Secretary and President of the Board of Trade, The Rt Hon Dr Liam Fox MP said, “The Energy Investment Portfolio will deliver growth in new innovative sectors, encouraging creativity, creating jobs and driving prosperity across the UK.”
More information available on the website below