Connect with us

Business

UK to provide $ 265 million in grants to renewable energy developers | Renewable energy

Published

on

 


Renewable energy developers will vie for a share in a $ 265 million grant pot as the government aims to support a record number of projects in the sector through a milestone grant program later this year.

Under this program, offshore wind developers will compete for contracts worth up to € 200 million per year, and onshore wind and solar farms will be vying for their first grants in addition to five years.

In addition to the $ 200million funding pot for offshore wind farms, an additional 55million will be available for emerging renewable technologies such as tidal power, of which $ 24million will be set aside for floating offshore wind farms.

The government will also make $ 10 million available to developers of onshore wind and solar farms for the first time since cutting subsidies in 2015, enough to provide up to 5 GW of renewable energy capacity.

Dan McGrail, managing director of the Renewable UK business organization, said the program could generate more than $ 20 billion in private investment to boost jobs and the UK supply chain, while lowering energy bills and helping the UK meet its climate targets.

The industry has called on the government to increase ambition for new renewable energy capacity at the next auction and this is reflected in today’s announcement, he said.

The government has called the upcoming auction the biggest renewable energy support program, despite bidding less than the 325 million and 290 million offered in 2015 and 2017 respectively, as the falling cost of renewables means it could guarantee more renewable energy capacity than the first three combined government auctions. .

Renewable energy developers will compete for funds in a reverse auction scheduled for December, in which the least expensive projects will be awarded a contract guaranteeing the price of the clean electricity they produce.

In the latest auction, offshore wind costs fell by a third to a record low of around 40 per megawatt hour, well below the price of electricity in the wholesale market in the United States. energy, which means households are unlikely to face higher charges on their energy bills.

Energy Minister Anne-Marie Trevelyan said the latest round of the support program will support the next generation of renewable electricity projects needed to power our homes and help meet UK climate goals.

Boris Johnson laid out plans almost a year ago to support 40 GW of offshore wind farms by 2030, enough to power the equivalent of every household in the UK, as part of the governments plan to rebuild greener from Covid-19.

The Prime Minister’s 10-point plan also includes funding for low-carbon hydrogen and millions of electric vehicles on UK roads, as well as a target of replacing gas boilers by installing up to 600,000 electric heat pumps per year by 2028.

Heat pumps are seen as an important tool in reducing the carbon emissions of the UK building stock, which is responsible for around 14% of the country’s total greenhouse gas emissions, mainly due to the reliance on heating from gas. gas and poorly insulated houses.

But the UK rollout is seriously lagging behind other European countries, including Poland, Slovakia and Estonia, according to a recent analysis of industry data by Greenpeace.

Doug Parr, political director of Greenpeace UK, said that if the government is to have a chance to catch up, it needs an appropriate strategy and enough cash to keep the cost of installing a heat pump. and improving energy efficiency is the same as replacing a gas boiler.

A government spokesperson said the strategy document would explain how the government plans to reduce the initial costs of heat pumps in the years to come while keeping equity and affordability for households and taxpayers at the heart of our plans.

Sources

1/ https://Google.com/

2/ https://www.theguardian.com/environment/2021/sep/13/uk-to-offer-265m-in-subsidies-for-renewable-energy-developers

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]