The “package of decisions”, published ahead of the introduction of the landmark Energy Bill next week, includes a commitment to create a government-owned company to act as a single counterparty for investors in low-carbon energy projects, and earmarks £7.6bn ($12.1bn) in financial support up to 2020 (in real 2012 prices).

The government claims these provisions, along with others to be included in the Energy Bill, will be enough to lift the UK’s share of renewables to 30% by 2020 – up from 11% today.

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