Tidal and wave energy could provide the UK with 20pc of its power
Tidal energy to feature in next UK auction
UK government ringfences £20mn/yr for tidal in upcoming renewable energy tender
The UK has announced it will allocate £20mn/yr ($26.6mn/yr) for tidal energy in its upcoming Round 4 contracts-for-difference (CfD) auction next month. The UK had previously announced a budget of £265mn/yr for renewable energy in its upcoming CfD auction, with £55mn allocated for “less established” technologies including tidal, wave and geothermal energy. Of this initial £55mn pot, £24mn had been ringfenced for floating offshore wind projects. The announcement raises the total budget to £285mn, with £75mn in total allocated for less established technologies. “As an island nation, we are perfectly placed to capitalise on clean marine energy, building on our booming offshore wind sector, which
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
