2024-05-25
http://w3.windfair.net/wind-energy/news/43520-renewableuk-uk-government-plan-auction-cfd-clean-green-offshore-wind-solar-tidal-investment-signal

No love for Government's plans in the UK

Image: PixabayImage: Pixabay
RenewableUK warns that the UK risks missing out on investments in renewable energy projects under the latest Government plans.

Official Press Release RenewableUK:

UK risks missing out on investment in renewable energy projects under latest Government plans

Wind Industry Profile of
UK risks missing out on investment in renewable energy projects under latest Government plans

RenewableUK is warning that the plans set out today by the Government for this year’s round of auctions for contracts to generate clean power (Contracts for Difference) will not maximise investment in wind, solar and tidal projects.

RenewableUK’s Economics and Markets Manager Michael Chesser said: “Unfortunately, in the light of global inflationary pressures, the budget and parameters set for this year’s CfD auction are currently too low and too tight to unlock all the potential investment in wind, solar and tidal stream projects which the industry could deliver. “Concerns about energy bills and energy security are at a record high, so the UK should be trying to maximise investment in low-cost clean energy, to provide relief for billpayers... ... More: Official Press Release RenewableUK

Keywords:
RenewableUK, UK, government, plan, auction, CfD, clean, green, offshore, wind, solar, tidal, investment, signal







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