The government has announced a further £557m of support for green energy projects ahead of the imminent launch of its flagship Clean Growth Strategy, which is expected later this week. Building on the sharp cost reductions in offshore wind seen in the last month’s clean energy auctions, the government said today the next Contracts for Difference (CfD) auction will be awarded in Spring 2019. The auction will be for “less established renewable technologies” – a cataegory that includes offshore wind, wave, tidal and biomass, but in reality is likely to be dominated by offshore wind and biomass projects.
Business Green 11th Oct 2017 read more »
UK to hold more offshore wind and green energy auctions.in 2019.
FT 11th Oct 2017 read more »
The next wave of renewable energy funding has been set for eighteen months time in a bid to build on the dramatic fall in technology costs seen in the latest round of auctions. Renewable developers will compete for a slice of £557m to support new energy technologies such as offshore wind where costs have halved in recent years. The plunging cost of offshore wind in the most recent auction meant more wind farms were able to apply for the £294m funding pot, bringing an investment surge of £17.5bn into the UK.
Telegraph 11th Oct 2017 read more »
Edie 11th Oct 2017 read more »