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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Industry Group Calls on UK to Increase CfD Auction Budget
Industry body Scottish Renewables has requested that the UK government increase the CfD allocation round 6 budget to provide “certainty” to vital Scottish projects and supply chains, it said, cited by ReNews.biz.
- The AR5 auction did not result in any offshore wind contracts for 2023 and this year due to inflation and higher interest rates.
- Looking ahead to the AR6 auction, despite over 12GW of renewable energy projects qualifying, the budget set in March 2024 will only allow a small portion of these projects to secure funding.
- The UK is planning to have around 50GW of offshore wind by 2030.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.