United Kingdom government confirms up to £557 million for new renewable energy projects

Ross Houston
October 13, 2017

"Clean Growth is at the heart of the Industrial Strategy, and the United Kingdom government is determined to unlock opportunities across the United Kingdom, while cutting carbon emissions as the world moves to towards a low carbon future". As part of the announcement, the government confirmed up to £557 million ($738.91 million) for the next Contracts for Difference (CfD) auction, which is planned for the spring of 2019.

The government in the United Kingdom has published its long-awaited and much anticipated Clean Growth Strategy, which includes a "sector deal" for offshore wind that could see more than 10 GW of new offshore wind capacity developed. The BEIS said carbon emissions in the United Kingdom have fallen and national income has risen faster and further than any other nation in the G7 since 1990.

According to the government, the carbon emissions are down by 42% while the economy has grown by 67% since 1990. "However, what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".

The £2.5 billion of existing government spending includes up to £505 million from the BEIS's Energy Innovation Program, which aims to accelerate the commercialization of innovative clean energy technologies and progresses.

Various measures will be taken under new strategy through BEIS Energy Innovation Programme, including £10m investment for innovations that offer low carbon heat in domestic and commercial buildings. In addition, up to £20 million will be used to demonstrate the viability of switching to low carbon fuels for industry.

Image: Construction of an offshore wind farm.

"We also welcome the strategy's highlighting of the importance of best practice in AD. ADBA's pioneering, industry-led Best Practice Scheme, which will be launched in full later this year, will help support AD operators in meeting the highest environmental, health and safety, and operational standards".

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".

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

The Clean Growth Strategy heralds the end of an era for conventional petrol and diesel vehicles and coal generation, which will be phased out by 2040 and 2025 respectively.

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