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Home » News » Grid » Ofgem Proposes £5-8 Billion Investment Fund to Accelerate Clean Energy Infrastructure
Grid

Ofgem Proposes £5-8 Billion Investment Fund to Accelerate Clean Energy Infrastructure

By Caesar HarrettNovember 21, 20242 Mins Read
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Ofgem has outlined a proposal for a £5-8 billion Advanced Procurement Mechanism (APM) aimed at accelerating Britain’s clean energy infrastructure development while managing costs and minimizing delays. The regulator stated that the mechanism would allow energy transmission owners to purchase essential materials like cables, switchgear, and steel years ahead of project finalization, ensuring critical equipment

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