More than half a billion pounds worth of financial support will be up for auction every two years for the next decade under Government energy plans which could mean that almost a third of Britain’s power is generated by offshore wind turbines by 2030. Energy minister Claire Perry is expected to announce today that after a 10-year period of progress in the offshore wind industry the Government is ready to offer another decade of certainty to developers. Ministers will hold contract auctions every two years from next May through to the 2020s to award the £557m they have set aside to support the lowest cost offshore wind projects.
Telegraph 22nd July 2018 read more »
New commitment to offshore and remote island wind to power millions of homes. Two world-leading North East research centres to benefit from cash boost in the fields of Offshore Renewable Energy and High Value Manufacturing – driving growth and high-quality jobs North East and Tees Valley to benefit from Local Industrial Strategies. Two world-leading innovation centres in the North of England will lead the world in developing the technologies needed for future manufacturing, boosting local growth and creating highly-skilled, quality jobs, as part of the government’s modern Industrial Strategy, Business and Energy Secretary Greg Clark will announce today. On a visit to Newcastle Mr Clark will confirm that the Onshore Renewable Energy Catapult in Blythe and the Centre for Process Innovation in Redcar, part of the High Value Manufacturing Catapult, will benefit from a cash injection which will support hundreds more businesses to develop products and services which will be in high demand in the future as part of the modern Industrial Strategy. A major support package for UK industry to power millions more homes and businesses over the next decade is also being announced today by Energy & Clean Growth Minister Claire Perry. Offshore wind and, for the first time, remote island wind providers will be able to bid for contracts to power up to four million homes from Cornwall to the Shetland Isles. These clean electricity auctions will be held in 2019 and every two years from then on, signalling support worth up to £557 million for industry. The auction will make the UK a beacon for inward investment and provide renewable energy businesses in the North East the certainty to invest and grow. This will encourage long term investment to help reduce the cost of energy.
BEIS 23rd July 2018 read more »