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Government Confirms £557m For New Clean Electricity Auctions

Posted: 01/11/2017

The Department for Business, Energy & Industrial Strategy has announced that up to £557 million will be made available for the next round of renewable energy auctions, part of its Clean Growth Strategy that aims to clean up the country’s energy system and drive economic growth.

The Strategy is due to be published this week (October 9th), intending to build on the fact that since 1990, emissions have dropped by over a third while the economy has grown by two-thirds. It’s also keen to ensure that the country continues in its position as a global leader driving a low carbon economy.

Furthermore, it will look across the entirety of the country and its economy, including proposals for business, transport, housing and the environment, as well as the power sector.

Richard Harrington, Energy Minister, commented: “The government’s Clean Growth Strategy will set out how the whole of the UK can benefit from the global move to a low carbon economy.

“We’ve shown beyond doubt that renewable energy projects are an effective way to cut our emissions, while creating thousands of good jobs and attracting billions of pounds worth of investment.”

According to a recent Friends of the Earth report, renewables could easily make up the foundation of a more secure energy network, since fossil fuel and nuclear plants installations are ageing and potentially pose a big risk to supply. Extreme weather events can also affect the grid – so renewables may well represent the best answer to certain future problems.

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