Energy company Iberdrola to invest £ 6bn in East Anglia Hub offshore wind development


The Prime Minister presented a series of measures to tackle climate change and create ‘green growth’, including £ 6 billion investment in the East Anglia Hub wind farm.

This is part of the government’s Net Zero Strategy which sets out how the UK will transition to clean energy and green technologies.

The hub is a development of three offshore wind farms along the Suffolk coast.

The northernmost, East Anglia Three, already has consent and construction is expected to begin in 2023.

Prime Minister Boris Johnson delivers a speech at the Global Investment Summit. Credit: Pennsylvania

East Anglia One South is already operational, while North and East Anglia Two are currently awaiting building permits.

It is in this area that the electricity distribution company Iberdrola will invest £ 6 billion through Scottish Power, once it obtains the building permit.

It would be Iberdrola’s largest offshore wind development in the world and create 7,000 jobs.

Together, the hub would provide clean green energy to 2.7 million UK households, or around 7.5% of the government’s target for offshore wind energy by 2030.

It is one of 18 deals announced by Boris Johnson at the Global Investment Summit, which he says will create 30,000 new jobs in the UK and secure £ 9.7 billion in new foreign investment.

Global Marine is also set to invest £ 10million in the construction of hybrid engine crew transfer vessels and surface effect vessels to service offshore wind farms, creating 10 jobs in the east of England.

It’s all part of the government’s plans to bring the UK to Net Zero, targeting four areas: coal, cars, money and trees.

Other announcements today included £ 5,000 grants to homeowners to install low-carbon heat pumps and a £ 620million investment in electric vehicles and charging points.

Prime Minister Boris Johnson examines a product at the Global Investment Summit at the Science Museum. Credit: Pennsylvania

The announcement comes just 12 days before COP26, the United Nations climate change conference to be held in Glasgow.

However, the issue for some residents is not so much what is at sea, but what will happen on land if plans go ahead.

Power supply to the East Anglia Two and East Anglia North One turbines may require a new connection at Thorpeness and a six mile cable trench through the Suffolk Coastal Area of ​​Natural Beauty, to a 30 acre substation at Friston.

Although there are calls for larger investments in more energy sources than wind, due to the unreliable weather.

An artist’s impression of what Sizewell C will look like Credit: EDF Energy

Nuclear investment was not mentioned by the Prime Minister in his summit speech, prompting former Labor leader Ed Miliband MP to ask this question in the Commons: “On nuclear, I was surprised given the advanced publicity that the word has not even passed its lips. We have seen a decade of delay and inaction on the question, can he tell us his answer, why there is still no decision on the new nuclear?

This has led to further questions from activists and residents alike about the future of plans for the new Sizewell C nuclear power plant in Suffolk.

Funding has been a key sticking point so far, but although Boris Johnson has not given the green light to the project today, it is assumed that an announcement will be made in the Chancellor’s spending review. next week.

What is COP26?

What is COP26? When and where will he be?

Each year, the United Nations Framework Convention on Climate Change (UNFCCC) meets at what is known as the Conference of the Parties (abbreviated COP) to discuss global progress on climate change and how to make it happen. ‘deal.

COP26 is the 26th summit of the United Nations Conference of the Parties on climate change to be held in Glasgow from October 31 to November 12.

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The leaders of the 197 countries that have signed the United Nations Framework Convention on Climate Change (UNFCCC) – a treaty that entered into force in 1994 – are invited to the summit.

Here are some of the world leaders who will not attend or have not yet confirmed their attendance:

  • Chinese President Xi Jinping, who has not traveled abroad since the start of the pandemic, is expected to attend virtually.

  • Iranian President Ebraham Raisi will not be present after calls for a criminal investigation if he enters the UK.

  • Brazilian President Jair Bolsonaro and Vice President Hamilton Mourao will not be present.

Here are some of the world leaders who will be in attendance:

  • British Royal Family – The Queen, Prince Charles, Prince William, The Duchess of Cornwall and The Duchess of Cambridge.

  • US President Joe Biden, climate envoy John Kerry, climate adviser and former Environmental Protection Agency administrator Gina McCarthy, and 10 other US cabinet officials.

  • Australian Prime Minister Scott Morrison. Australia has refused to promise zero net greenhouse gas emissions by 2050.

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What does he hope to achieve?

1. Achieve zero net greenhouse gas emissions by 2050 and limit global warming to 1.5 ° C above pre-industrial levels– Countries are encouraged to set ambitious emissions targets for 2030. They are also encouraged to accelerate the phase-out of coal, fight deforestation, accelerate the switch to electric vehicles and encourage investment in renewable energies.

2. Protect natural habitats and communities from climate change disasters

3. Finances for a greener future Developed countries are urged to keep their pledges to contribute at least $ 100 billion (£ 72.5 billion) per year by 2020 to protect the planet.

4. Get all countries and organizations to work together to tackle the climate crisis

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