Renewable Energy Investment in UK

UK government allocates £1.08 billion for offshore wind projects.
Auction for renewable electricity bids starts November 11–17, 2023.
Projects selected by lowest fixed price per MWh.
Expected 4.9 GW allocation, below 7–9 GW target.
Analysts warn insufficient funding for 2030 goals.
Energy Secretary Ed Miliband may increase budget.
Companies like Ørsted, Shell, and Equinor face challenges.

Government Policy | Renewable Energy | Offshore Wind

United Kingdom

Ed Miliband | Pranav Menon

1 week ago