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21/11/2018

£60m for new renewables auctions

Words: Laura Edgar
Offshore wind turbines / iStock_000033111088

Energy minister Claire Perry has announced a £60 million budget for new renewables auctions.

Speaking at the opening reception of Offshore Wind Week in the House of Commons, she also disclosed that an Offshore Wind Sector Deal is imminent.

The Offshore Wind Industry Council (OWIC) is working with the government on the sector deal, which aims to build on the UK’s “global leadership” in clean technology. It will be able to deliver at east 30GW of offshore wind capacity by 2030, providing more than a third of our electricity.

The £60 million budget is for the 2019 Contracts for Difference (pdf) auction, which will be held in May.

Benj Sykes, co-chair of OWIC and UK country manager for Ørsted’s offshore wind business, said: “This is an important announcement by the minister, taking forward new auctions to deliver on our ambition to meet a third of UK power by 2030. Industry and government are close to agreement on a sector deal that will set the pathway to 30GW and we need to look at the details of how the next auction  contributes to that goal.”

He also welcomed the imminent sector deal.

“Offshore wind is becoming an industrial powerhouse. As the minister has made clear, it’s a key technology in our country’s transition to affordable clean power, and the backbone of a low-cost energy system in the years ahead.

“With the right deal in place, we can continue to attract billions of pounds of investment in new infrastructure, secure our power supplies, and create thousands of skilled jobs, including our supply chain which already extends to every part of the country.”

Image credit | iStock

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