The UK Government has revealed that it will provide up to £557m for renewable energy projects in a contracts for difference (CfD) auction round planned for 2019.

The funding will support the development of less established renewable technologies and help develop new wind projects on remote Scottish islands.

This move is part of the government’s upcoming Clean Growth Strategy, which includes several proposals on housing, power, business, transport, and the environment to help the country transform towards a low-carbon economy.

“We are ensuring that remote island wind projects in Scotland, which have the potential to benefit the island communities directly, have access to the same funding opportunities as offshore wind.”

UK Energy Minister Richard Harrington said: “Scotland already has a strong record in exploiting the potential of clean growth, with more than half of Scottish electricity consumption coming from renewable sources.

“We want to go further creating thousands of good jobs and attracting billions of pounds worth of investment.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“That’s why we are ensuring that remote island wind projects in Scotland, which have the potential to benefit the island communities directly, have access to the same funding opportunities as offshore wind in the next renewables auction round.”

The UK currently produces 30% of its total electricity from renewable sources.