Renewable energy projects receive government funding
The Government’s ‘Contracts for Difference’ scheme has recently awarded funding and contracts to 12 renewable energy projects in a bid to accomplish the June target of achieving a net zero of carbon emissions by 2050.
The 12 projects which will be funded by the scheme will renewable power to approximately 7M British homes and are scheduled to be added to the National Grid by 2025, providing 6GW of additional capacity and reducing the market price of offshore wind energy so that customers can get a better deal.
The projects which will receive the support from the ‘Contracts for Difference’ scheme include: the Bulwell Energy Limited project (a green energy plant), the Small Heath Bio Power Limited project (a green energy plant), the Costa Head Wind Farm, the Druim Leathann Windfarm Limited project, the Hesta Head Wind Farm, the Muaitheabhal Wind Farm, the Doggerbank Offshore Windfarm, the Forthwind project, the Seagreen Windfarm, and the Sofia Offshore Windfarm.
The Prime Minister, Boris Johnson stated: “The UK is leading the way in the fight against climate change, and it’s great news that millions more homes will be powered by clean energy at record low prices.
“Seizing the opportunities of clean energy not only helps to protect our planet but will also back businesses and boost jobs across the UK.”
The Energy and Clean Growth Minister, Kwasi Kwarteng added: “Offshore wind is a British success story, with new projects at record low prices creating new opportunities for jobs and economic growth as we leave the EU.
“The support we’re announcing today will mean that over 7M more homes will be powered by renewable energy as we decarbonise our energy system – crucial as we continue on the road to net zero emissions by 2050.”
Since 2017 the cost of developing renewable wind energy has decreased by a figure of 30% and the UK is now the world’s largest producer of wind generated power.
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