Related Articles
Tidal and wave energy could provide the UK with 20pc of its power
Forward article link
Share PDF with colleagues

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, wh

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Turbine manufacturers post major losses
26 January 2022
GE and Siemens Gamesa Renewable Energy have announced multimillion-dollar losses over 2021 and the past quarter, while Vestas posts cautious 2022 guidance
New EIB-backed energy efficiency fund to tackle ‘huge underinvestment’
26 January 2022
Solas Sustainable Energy Fund to support energy efficiency projects mainly in Germany, Spain and Ireland and is aimed at small-to-mid-size insurers and pension funds
Crediting emissions saved in plugging oil and gas wells
26 January 2022
Avoided emissions could be credited as carbon offsets and sold on exchanges
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video