Government confirms £1bn budget for clean power auction, but fears grow over offshore wind target

James Murray
clock • 5 min read
Credit: Octopus Energy
Image:

Credit: Octopus Energy

Experts warn next auction round likely to leave the UK badly off track to meet its target of 50GW of new offshore wind capacity by 2030

The government has today confirmed a record budget for the next clean power contract auction round, as Ministers attempt to revive an offshore wind development pipeline hit by the failure of last summer's...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Wind

Renewables manifesto: Poll reveals strong public support for clean energy policies

Renewables manifesto: Poll reveals strong public support for clean energy policies

RenewableUK calls for bolder pro-renewables policies at upcoming election, as MPs and Peers urge Prime Minister to end policy of 'maxing out' North Sea oil and gas development

clock 15 May 2024 • 6 min read
ORE Catapult secures £86m to upgrade Blyth wind turbine testing facility

ORE Catapult secures £86m to upgrade Blyth wind turbine testing facility

Government investment to expand facility to be able to test larger blades and more powerful turbine drivetrains

Cecilia Keating
clock 15 May 2024 • 3 min read
Haventus secures £100m loan to redevelop Scotland's Ardersier Port as offshore wind hub

Haventus secures £100m loan to redevelop Scotland's Ardersier Port as offshore wind hub

Energy transition facilities provider supported by £100m joint credit facility from UK Infrastructure Bank and Scottish National Bank

Michael Holder
clock 13 May 2024 • 3 min read