- The UK government commits to boosting its clean energy sector with a £205 million budget.
- The budget also aims to unlock a tidal power industry in the UK.
The UK government has committed to boosting its clean energy sector with a £205 million budget for the latest Contracts for Difference (CfD) scheme round.
The government’s flagship mechanism has already supported almost 27GW of low-carbon electricity generation projects, and the fifth allocation round is expected to further encourage green industries and jobs.
The budget includes £170 million for established technologies such as offshore wind and a £10 million allocation for tidal stream technologies, aimed at unlocking a tidal power industry in the UK.
Graham Stuart, the Minister of State for Energy Security and Net Zero, has emphasised the importance of the CfD scheme in delivering clean, domestic energy and promoting green industries and jobs.