(Sharecast News) - The UK government plans to double the amount of green energy it will subsidise in 2021 as it agrees to include onshore power projects.
The projects could support up to 12GW of renewable energy or at least enough to charge up to 20m electric vehicles a year.
Energy companies will compete for contracts in auction at the end of 2021 which is set to be almost double the size of the last 5.8GW auction in 2019.
The next round will include three separate auctions for different renewable energy technologies to compete for a contract.
There will be one "pot" for offshore wind projects and another for less-established technologies.
The third pot will allow onshore wind and solar farms to compete for a support contract for the first time in six years.
Kwasi Kwarteng, the energy minister, said the new auction is part of the Prime Minister Boris Johnson's 10-point climate plan, which includes a £12bn public investment, to help the country reach net zero carbon emissions by 2050.
The plan will see the UK's offshore windfarms grow four-fold to 40GW in the next ten years and an expansion of EVs on British roads.
SSE (SSE)18 Apr 2024 08:59
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