Energy security: Boost to offshore wind capacity expected through 'record' auction budget
- The government announced a record budget of £1.5bn for renewable energy schemes, including an additional £500m for the upcoming auction, according to Energy Secretary Ed Miliband.
- The budget allocates £1.1bn for offshore wind, increasing from £800m set by the previous government.
- Funding for emerging technologies like floating offshore wind and tidal power will also increase to £270m, supporting the efforts for energy independence.
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Energy security: Boost to offshore wind capacity expected through 'record' auction budget
Industry and climate campaigners welcome a greater government commitment to the success of the looming annual clean power auction following the disastrous outcome in the 2023 edition which failed to attract a single offshore wind bid.
·United Kingdom
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Leaning Left1Leaning Right0Center2Last UpdatedBias Distribution67% Center
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