UK government increases renewable power auction budget by 50% to £1.5bn, focusing £1.1bn on offshore wind projects to reach 55GW by 2030.

The UK government has increased its renewable power auction budget by 50% to £1.5bn, aiming to accelerate the country's renewable energy capacity and meet its goal of decarbonizing the electricity sector by 2030. The new budget will allocate £1.1bn for offshore wind projects, a crucial move to support the UK's ambitious goal of expanding fixed offshore wind capacity to 55GW by 2030.

July 30, 2024
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