Free Trial

UK Eyes Increasing Aid for Renewable Auction

POWER

The UK will increase its support for an upcoming renewables auction to £1.5bn, with a €1.1bn chunk slated for offshore wind farms, a spokesperson said, cited by Bloomberg.

  • The move will be an almost 50% increase from the previous aid.
  • But the numbers could change as they are not finalized.
  • The UK’s energy secretary Ed Miliband had been considering increasing the £1bn CfD AR6 Round budget, after several industry bodies have called for a rise, according to the UK’s DESNZ at the beginning of July.

To read the full story

Close

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.