UK boosts renewable energy auction budget to £1.5 billion
bbc.com — July 31, 2024, 12:01 AM UTC
Summary: The UK government will increase its budget for the 2024 renewable energy auction to £1.5 billion, a 50% rise from last year. The funding primarily targets offshore wind power, aiming to quadruple capacity by 2030. Last year, no offshore wind contracts were bid on due to low prices. Experts warn that current plans may not meet the 40GW target needed by 2030.
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