'Biggest budget yet': Government announces record £1.5bn for CfD clean energy auction

Stuart Stone
clock • 7 min read
Credit: iStock
Image:

Credit: iStock

Clean energy auction budget increased by more than 50 per cent, following 2023 'catastrophe' that saw no new offshore wind projects secured

The UK's green energy sector will bid for a record-breaking £1.5bn of support through the next Contract for Difference (CfD) auction, after the government today confirmed it would increase the budget for...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

Stuart Stone
Author spotlight

Stuart Stone

View profile
More from Stuart Stone

Study: More than half of councils unable to monitor whether EV chargers are working

Could the UK emerge as a global hub for high integrity carbon markets?

More on Energy

'Using more clean energy than ever before': Apple confirms its emissions have fallen 60 per cent since 2015
Energy

'Using more clean energy than ever before': Apple confirms its emissions have fallen 60 per cent since 2015

Tech giant hails series of environmental milestones as it closes in on goal to become ‘carbon neutral’ by 2030

James Murray
James Murray
clock 17 April 2025 • 4 min read
Trump's tariffs: A bumpy road ahead for global clean energy markets
Energy

Trump's tariffs: A bumpy road ahead for global clean energy markets

For now businesses may adopt a 'wait and see' approach, but soon a major re-think of sales and supply chain strategies may be needed, writes BloombergNEF's Antoine Vagneur-Jones

Antoine Vagneur-Jones, BloombergNEF
clock 17 April 2025 • 4 min read
How mine water could warm up the UK's forgotten coal towns
Energy

How mine water could warm up the UK's forgotten coal towns

Funding gaps, regulatory red tape and a shortage of skilled workers are stalling the UK's mine-water heating projects, according to the University of Manchester's Jingyi Li, Alejandro Gallego Schmid and Cathy Hollis

Jingyi Li, Alejandro Gallego Schmid and Cathy Hollis, University of Manchester
clock 16 April 2025 • 5 min read