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Boost to offshore wind capacity expected through ‘record’ auction budget

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File photo dated 26/07/2022 of a ship passing wind turbines at RWE's Gwynt y Mor, the world's 2nd largest offshore wind farm located eight miles offshore in Liverpool Bay, off the coast of North Wales. The Crown Estate is to pay even more money to the Treasury after benefiting from a massive licensing round for offshore wind power last year. The company, which owns the seabed around the UK, said it made £442.6 million in net revenue profit in the year to the end of March, money that will go to h




This year’s budget to support the next wave of renewable energy schemes has been raised to a “record” £1.5bn, the government has announced, following a failed funding process in 2023.



Source link : https://news.sky.com/story/energy-security-boost-to-offshore-wind-capacity-expected-through-record-auction-budget-13187635

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Publish date : 2024-07-30 23:01:00

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