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2 July 2014, 06:00
The developers of a windfarm off the coast of Norfolk have announced investors have signed up.
It's set to be based off the coast of Cromer and should provide enough energy to power 410,000 homes by 2017.
It's also predicted to bring hundreds of thousands of pounds to the UK economy and provide 450 jobs to Norfolk.
Energy Minister Michael Fallon said: “Today’s decision underlines the success of the new contracts and will bring about a steady stream of investment in renewable electricity. As the best place in the world to invest in offshore wind, the UK is attracting millions of pounds of investment, supporting hundreds of local green jobs and strengthening its energy supply with home-grown sources.
We have already attracted £34 billion of private sector investment in renewable electricity since 2010, with the potential to create almost 37,000 jobs in the UK."