The government has confirmed a further £557 million for renewables auctions ahead of tomorrow’s Clean Growth Strategy launch.
Energy minister Richard Harrington made the announcement earlier this afternoon, also confirming that the funding will be limited to less established renewables technologies that make up the so-called ‘Pot Two’ generators.
The Department for Business, Energy and Industrial Strategy (BEIS) confirmed to Clean Energy News that this will still include offshore wind despite the technology securing record-low strike prices of £57.50/MWh within the second CfD round earlier this year.
The third round CfD auction round is planned for spring 2019, however the government has yet to confirm how much of the £557 million will be set aside for this forthcoming round, nor how many rounds the funding is planned to cover.
Harrington also teased the government’s forthcoming Clean Growth Strategy, expected to be announced tomorrow morning at an event in London’s Olympic Park.
“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,” he said.
More to follow…