Investment in energy sector now highest in the UK economy: mostly renewables.

Business Green: “Investment in the UK’s energy sector is currently running at a 20-year high, with over £43bn invested by energy companies over the past four years, according to a major new industry-backed report. The report, entitled Powering the UK, was undertaken by consultancy Ernst & Young and commissioned by industry body Energy UK. It found that total energy investment exceeded £10bn last year, with investment in renewable energy generation capacity dominating the market. The surge in investment means that the sector has delivered greater levels of investment than any other part of the economy over the past four years. The report also revealed that direct employment from the energy industry has risen significantly as a result of the new investment, climbing from 83,000 people in 2008 to 137,000 by the end of 2011. Significantly, the report found that employment opportunities were spread relatively evenly around the country and not concentrated in the south east.”