By: Rob Norris
Commenting on the announcement by the Energy Minister Kwasi Kwarteng of the details of next year's auctions for Contracts for Difference, which will support up to 12GW of new renewable capacity, RenewableUK's Chief Executive Hugh McNeal said:
"Next year's renewable power auctions can unlock over £20bn of new investment in the economy and secure an unprecedented amount of low cost, clean electricity for consumers using the full range of renewable technologies we have available. As one of our lowest cost, large scale power options, onshore wind has a vital role to play in meeting the challenge of net zero and the re-opening of CfD auctions is an important step to ramp up investment in this key technology.
"The new structure for clean power auctions, with a dedicated pot for offshore wind, can deliver the scale needed for our 40 gigawatt 2030 target as well as providing support for innovative marine and floating wind technologies. The industry is investing to develop a vibrant, competitive UK supply chain. We look forward to working with Government on the details of how reforms to Supply Chain Plans can support this.
"The Prime Minister's 10 Point Plan set important headline ambitions for putting renewables at the heart of a green recovery and today's announcement provides the details to unlock the investment needed to make that a reality".
Notes:
- RenewableUK's members are building our future energy system, powered by clean electricity. We bring them together to deliver that future faster; a future which is better for industry, billpayers, and the environment. We support over 400 member companies to ensure increasing amounts of renewable electricity are deployed across the UK and to access export markets all over the world. Our members are business leaders, technology innovators, and expert thinkers from right across industry.
- RenewableUK revised events programme is available here.
Contact:
Luke Clark, Director of Strategic Communications 07875 704 032Luke.Clark@RenewableUK.com
Robert Norris, Head of Communications 07969 229 913 Robert.Norris@RenewableUK.com
