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
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity