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UK to Consider Increase in AR6 Renewable Auction Budget

POWER
Homepagemarkets-real-timeBulletUKBank Of England (BOE) Market News

The UK’s energy secretary Ed Miliband is considering increasing the £1bn CfD AR6 Round budget, after several industry bodies have called for a rise, according to the UK’s DESNZ, cited by Renews.biz.

  • “Applications for Allocation Round 6 are currently being assessed and the Secretary of State will then carefully consider whether to increase the budget,” the DESNZ said.
  • Offshore wind developers are increasingly confident about a boost to the £800m allocated to Pot 3 after engaging with Labour officials, with more than 10GW qualified to enter.
  • Onshore wind, floating wind and solar developers are also seeking increases to their budgets.
  • Industry bodies Scottish Renewables and RenewablesUK have requested that the UK government increase the CfD allocation in recent days.
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The UK’s energy secretary Ed Miliband is considering increasing the £1bn CfD AR6 Round budget, after several industry bodies have called for a rise, according to the UK’s DESNZ, cited by Renews.biz.

  • “Applications for Allocation Round 6 are currently being assessed and the Secretary of State will then carefully consider whether to increase the budget,” the DESNZ said.
  • Offshore wind developers are increasingly confident about a boost to the £800m allocated to Pot 3 after engaging with Labour officials, with more than 10GW qualified to enter.
  • Onshore wind, floating wind and solar developers are also seeking increases to their budgets.
  • Industry bodies Scottish Renewables and RenewablesUK have requested that the UK government increase the CfD allocation in recent days.