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Home » News » UK Increases Renewable Power Auction Budget to £1.5 Billion
News

UK Increases Renewable Power Auction Budget to £1.5 Billion

By James RichardJuly 31, 20242 Mins Read
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Britain has raised the budget for its annual renewable power auction by 50% to £1.5 billion ($1.92 billion), the government announced on Wednesday. This increase, part of the new Labour government's strategy to decarbonise the electricity sector by 2030, is intended to accelerate the expansion of renewable energy sources such as wind and solar. The

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Previous ArticleBritish Hydropower Association and Scottish Renewables Call for “Cap and Floor” Mechanism to Boost Hydropower Investment
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