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December 6 2013.

Local MP Norman Baker has praised the news that additional investments of around £40 billion are expected in renewable electricity generation projects up to 2020. The Lib Dem Secretary of State for Energy Ed Davey has made the announcement following updated contract terms and strike prices alongside wider reforms to the electricity market.

These changes set the UK on track to doubling the amount of electricity generated from renewables from 15 per cent to over 30 per cent by 2020. The additional investment will generate enough clean power for 10 million homes, and reduce carbon dioxide emissions by over 20 million tonnes. Increasing the amount of home-grown renewable energy will boost energy security, reduce reliance on imported fossil fuels, and support up to 200,000 jobs by 2020.

In total, these reforms will help to support up to £110 billion of additional investment across the electricity sector by 2020, helping to insulate Britain from future world gas price increases and boosting jobs and growth in every region of the UK.

Norman says: "Investing in green energy offers a real long term alternative to the fossil fuel industry. The current over reliance on depleting fuel sources is one of the major factors causing the rise in energy prices. Combating this by proper investment in the green sector secures a future of more stable energy bills whilst simultaneously bringing in new jobs and investment from an enlarged green energy sector.

“This extra investment will no doubt bolster the local economy. Small scale green energy projects are already offering benefits to the local infrastructure and producing jobs. Larger developments including the Rampion Offshore Wind Farm, a project that will bring much needed jobs to Newhaven, offer good examples of how investment in the green economy can benefit local people.”