The organisation RenewableUK has welcomed the government announcement that there will be a fresh Contract for Difference auction round in 2019.
Announced yesterday by minister for energy and industry, Richard Harrington, the auction will have a reputed £557million on the table to bid for.
RenewableUK has stated that they eagerly await the government’s Clean Growth Strategy, which despite a two year wait, is expected to be released in the coming weeks by minister for climate change and industry, Claire Perry MP.
RenewableUK’s Chief Executive Hugh McNeal said: “This announcement secures cheap, home-grown, clean energy for the UK. Greg Clark’s department is helping to build a world-leading offshore wind industry which can power a clean industrial revolution, creating new jobs and attracting billions of new investment.
“Last month we saw a record 50% drop in the cost of offshore wind. This amazing cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions. Onshore wind is the cheapest form of new power generation, and it would be exciting to see what projects in the right places could deliver for UK consumers.
“The Government’s investment and long-term strategy for offshore wind is delivering great economic benefits all around the country. Now we need the Government to show the same level of commitment to our cutting-edge wave and tidal energy industries. Innovative floating offshore wind technology also offers new opportunities. Ministers should send a clear signal that they understand the many ways our island nation can tap the enormous and diverse energy resources in our seas, and export these industries globally”.
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