Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Green Power
Wind
Return to: CTBR Home | Green Power | Wind

UK to conduct next clean energy auctions worth GBP557m in 2019

CTBR Staff Writer Published 12 October 2017

The UK Government has announced that the next wave of funding worth £557m to less established renewable energy projects will be offered in 2019.

As per the government, the last auction which was held this September, saw the cost of offshore wind being reduced to half compared to the first auction held in 2015.

The auction had also resulted in securing more than 3GW of renewable electricity to power up to 3.6 million homes.

These contracts are expected to be delivered between 2021 and 2023 and they are worth up to £132.76m per year.

Less established renewable energy projects will include offshore wind, biomass, energy-from-waste technologies and combined heat and power projects.

The UK government stated that it will publish next week, the Clean Growth Strategy, which will build on this success, while ensuring that the country moves towards becoming a low carbon economy. The new strategy is claimed to ensure that the whole country can benefit from new technologies, jobs and businesses that are good for consumers, the environment and the economy.

UK Energy Minister, Richard Harrington said: “The government’s Clean Growth Strategy will set out how the whole of the UK can benefit from the global move to a low carbon economy. We’ve shown beyond doubt that renewable energy projects are an effective way to cut our emissions, while creating thousands of good jobs and attracting billions of pounds worth of investment.

“The Clean Growth Strategy will look across the whole of the economy and the country. It includes ambitious proposals on housing, business, transport and the environment, as well as the power sector. It will also show how actions taken to tackle emissions have helped to reduce energy bills for households.”


Image: UK to conduct next renewable energy auctions in 2019. Photo: Courtesy of Crown copyright.