Government sets out plans to upgrade UK energy infrastructure
The government has unveiled details for the next Contracts for Difference (CFD) auction, in which companies will compete for £290 million worth of contracts for developing renewable energy projects.
This auction should result in enough renewable electricity to power one million UK homes and reduce carbon emissions by around 2.5 million tonnes per annum from 2021/22.
Business and Energy secretary Greg Clark said: “We’re sending a clear signal that Britain is one of the best places in the world to invest in clean, flexible energy as we continue to upgrade our energy infrastructure.
“This is a key part of our upcoming Industrial Strategy, which will provide companies with the further support they need to innovate as we build a diverse energy system fit for the 21st century that is reliable while keeping bills down for our families and businesses.”