The fourth round of the Contracts for Difference (CfD) auction has opened, with a target of 12GW of electricity capacity set to gain £285 million of funding.
Prequalification results for the T-4 and T-1 Capacity Market auctions have been released, with battery storage rising significantly in both.
The UK government has announced £9.4 million in funding for the Whitelee green hydrogen project.
Day-ahead power prices in Great Britain rose to £2,000/MWh in the N2EX auction for 17:30 on 15 November, according to EnAppSys.
Xlinks’ planned link between solar and wind in Morocco and the UK is an “overwhelmingly compelling solution” to the UK’s need for baseload power, according to CEO Simon Morrish.
Octopus Energy Group is aiming to raise £4 billion to fund a global expansion of its ‘Fan Club’ tariff model and support gigawatts of associated renewable energy projects through 2030.
Trade association Scottish Renewables has called for reforms to the planning process to enable greater onshore and offshore wind capacity.
Up to £160 million of government funding is now available to developers and manufacturers looking to invest in UK large-scale floating offshore wind ports and factories.
RWE is expecting to invest around £15 billion in new UK green technologies and infrastructure by 2030, targeting wind, storage and hydrogen.