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vegassports-odds.com October 18, 2017


United Kingdom government confirms up to £557 million for new renewable energy projects

13 October 2017, 11:55 | Taylor George

UK to conduct next clean energy auctions worth GBP557m in 2019

Turbines of the Burbo Bank offshore wind farm lay in the wake of a maintenance boat in the mouth of the River Mersey

"The importance of positive government messaging on the low carbon agenda for investment confidence is often overlooked and today's clear cross-government commitment to deliver on the UK's climate targets will be welcomed by businesses", said Nick Molho, executive director of the Aldersgate Group. The government will also invest £900 million in smart systems and demand-response technology, as well as nuclear and renewables. The world is moving from being powered by polluting fossil fuels to clean energy. The strategy sets out how the government will invest GBP 2.5 billion in low-carbon innovation in the 2015-2021 period, across energy, transport, agriculture and waste.

Low-carbon innovation is at the heart of the government's approach, climate change and industry minister Claire Perry said in a written statement to parliament.

The UK government stated that it will publish next week, the Clean Growth Strategy, which will build on this success, while ensuring that the country moves towards becoming a low carbon economy.

The UK Government has announced that the next wave of funding worth £557m to less established renewable energy projects will be offered in 2019. "By focusing on Clean Growth, we can cut the cost of energy, drive economic prosperity, create high value jobs and improve our quality of life".

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"This announcement secures cheap, home-grown, clean energy for the UK". "Last month we saw a record 50% drop in the cost of offshore wind".

The Department for Business, Energy and Industrial Strategy said it mainly expects gas-driven systems like heat pumps, hybrid systems like combining gas and electric heating and electrical systems to be supported.

"Recent announcements in the offshore wind and auto manufacturing industries have highlighted how a clear vision, supported by detailed policies, enable the private sector to drive innovation, cut the costs of clean technologies and invest in United Kingdom jobs and supply chains". "However, what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".



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