Britain’s energy networks are seeking shovel-ready projects and initiatives that can help decarbonise the electricity grid, offering a total pot of up to £300m in funding support as part of a green recovery drive announced today in partnership with Ofgem and the government. The Energy Networks Association (ENA) is launching a six-week call for local authorities, developers, and other parties to state their case for funding to boost grid capacity in their area, including for projects to enhance stability as the rollout of electric vehicle (EV) charging and battery storage ramps up. The ENA said it was particularly interested in supporting projects that are primed to get underway quickly, such as those which have planning permission or third-party funding confirmed, as it said projects with a longer gestation period would be more suitable for Ofgem’s £40bn green RIIO2 price control plan. Funding bids are to be assessed on value for money, short term grid capacity utilisation, and how quickly the green grid infrastructure can be completed in support of the UK’s net zero emissions target, according to the ENA.
Business Green 8th Feb 2021 read more »