The UK government has confirmed it will hold a further subsidy auction for offshore wind and other “less established” renewable technologies in the spring of 2019.
The confirmation comes just a day before the government is due to publish a long-delayed “clean growth” strategy setting out how it can meet legally-binding climate change targets.
Backers of offshore wind have been pushing for a commitment from government to further funding after the most recent subsidy auction last month revealed a dramatic drop, of 50 per cent, of developing wind farms off the UK coast.
The government said on Wednesday that up to £557m of funding would be made available in the next auction – called “contracts for difference” – planned for spring 2019. The auction will be open to bids from developers of offshore wind projects as well as certain “advanced conversion” technologies that deliver energy from waste. It will, however, be closed to onshore wind and solar projects.
Energy minister Richard Harrington said on Wednesday:
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.
We’ve shown beyond doubt that renewable energy projects are an effective way to cut our emissions, while creating thousands of good jobs and attracting billions of pounds worth of investment.
Read the FT’s preview of the clean growth plan here.
Get alerts on UK when a new story is published