The UK Government has increased the maximum prices available for offshore wind projects by 66% in the next Contracts for Difference auction

A new report predicts that the UK government will fall short of its 50GW offshore wind capacity target by 2030, potentially impacting the nation’s net zero emissions ambitions

The UK offshore wind industry faces disappointment as no new contracts are awarded in the latest round of Contracts for Difference

Trade associations have proposed changes to the auction process to maximise benefits, support emerging technologies and align parameters with the economic environment

The government considers rewarding green energy projects for “non-price factors” to drive investment and improve energy security

Kwasi Kwarteng allegedly plans to issue a cap on profits made by renewable energy companies

Opening with £285 million a year funding, the auction will support 12GW of electricity capacity

During his speech at the Global Investment Summit, the Prime Minister announced that deals worth £9.7bn have been secured to boost renewable energy technologies