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UK government announces new funding for renewable generation

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Staff Writer | October 12, 2017
Scotland wind energy
Britain   Contracts for Difference

The UK government intends to allow wind projects on the remote islands of Scotland to compete in the next competitive auction for less established renewable technologies (Contracts for Difference) to be held in spring 2019.

The UK government has also announced that up to £557 million of support will be available for future Contracts for Difference auctions.

The last competitive auction to bring more renewable projects into the market ended in September and brought forward commitments for enough electricity generation to power 3.6 million homes.

It secured 3.2GW of electricity from offshore wind projects including the Moray East offshore wind farm which will provide 950MW of capacity, capable of powering over 950,000 homes.

A 2013 report for the UK and Scottish governments concluded that wind projects on the Western Isles, Orkney and Shetland could supply around 3% of the UK’s total electricity demand.

With over 700MW of wind projects with current planning consents on these islands, this announcement gives certainty that the UK is an attractive place to invest.

This will also benefit the skilled UK supply chain, with many projects expected to spend over 50% of their capital and operating costs within the UK.

The Clean Growth Strategy looks across the whole of the economy and the country.

It includes ambitious proposals on housing, business, transport and the environment, as well as the power sector.

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