{"id":50849,"date":"2024-09-03T13:37:08","date_gmt":"2024-09-03T12:37:08","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=50849"},"modified":"2024-09-03T13:37:08","modified_gmt":"2024-09-03T12:37:08","slug":"uk-secures-record-pipeline-of-clean-energy-projects","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/uk-secures-record-pipeline-of-clean-energy-projects\/50849\/","title":{"rendered":"UK secures record pipeline of clean energy projects"},"content":{"rendered":"

The UK\u2019s sixth renewables auction has delivered a record number of clean energy projects powering the equivalent of 11 million homes.<\/h2>\n

The latest auction round delivered 133 new clean energy projects, a key milestone toward delivering clean power by 2030.<\/p>\n

This makes it the biggest round ever, with significant numbers for onshore wind, solar and tidal energy.<\/p>\n

The results are a marked improvement on the previous auction round in 2023, which saw zero offshore wind projects agreed upon.<\/p>\n

Increasing the budget for clean energy<\/h3>\n

These successful results came after the government moved quickly last month to increase the renewables auction<\/a> budget by 50% \u2013 a record funding uplift that was seven times bigger than the previous round\u2019s pot.<\/p>\n

As a result, offshore wind is back for business in UK waters<\/a>, with nine contracts awarded, including securing both what will be Europe\u2019s largest and second largest windfarm projects, Hornsea 3 and Hornsea 4, off the Yorkshire coast.<\/p>\n

A new rollout of low-carbon electricity is a key step for UK energy independence and energy security, helping protect families and businesses from spiking global fossil fuel prices.<\/p>\n

Projects have been agreed at well below the upper limit on the price set for the auction \u2013 meaning the government has bought a record amount of clean power at a much lower cost to consumers than the maximum price \u2013 providing value for money and cheap power.<\/p>\n

Supporting green jobs and growing the economy<\/h3>\n

The funding awarded today will also help support new green jobs across the country, increase prosperity in industrial heartlands and rural communities, and unlock green economic growth from the Scottish Highlands to the Suffolk coast.<\/p>\n

Energy Secretary Ed Miliband said: \u201cToday we have now achieved a record-setting round for enough renewable power for 11 million homes, essential to give energy security to families across the country.<\/p>\n

\u201cIt is another significant step forward in our mission for clean power by 2030 \u2013 bringing Britain energy independence and lower bills for good.\u201d<\/p>\n

He added: \u201cAs we accelerate our plan for clean power by 2030, the government will work with the industry to build on this success and ensure we can go even further and faster to deliver the power we need.\u201d<\/p>\n

Expanding policies to deliver clean energy quickly<\/h3>\n

On the back of this successful auction, the Energy Secretary is working with the industry to accelerate ways that the Contracts for Difference system<\/a> and other energy policies can be expanded so that more renewable energy, including offshore wind, can be connected to the grid quicker.<\/p>\n

The 133 projects this year are the biggest auction to date, exceeding the 92 projects delivered in the last auction round.<\/p>\n

These include:<\/p>\n