07 March 2024
07 March 2024
The round sees the government allocating £800m ($1.02bn) for offshore wind.
Hunt expects to use the funds raised to pay for a 2p reduction in the country’s National Insurance tax.
GlobalData analyst Francesca Gregory delves into the science behind Equatic’s new ocean-based carbon capture plant.
This third zone will generate 2.9GW of energy, sufficient to power two million homes.
The deal could value the German clean energy producer at more than €2bn ($2.18bn).
Demand has been outstripping supply by at least two times over the week as the country faces worsening fuel shortages.
The four sites will have a combined capacity of 272MW and are part of a wider agreement between the two companies to develop 700MW of solar capacity.
The conditional order follows Empire Wind 1’s selection in New York's latest offshore wind solicitation.
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