United Kingdom to conduct next clean energy auctions worth GBP557m in 2019

United Kingdom to conduct next clean energy auctions worth GBP557m in 2019

The government will also invest £900 million in smart systems and demand-response technology, as well as nuclear and renewables. It's as big a change as the move from the age of steam to the age of oil and Britain is showing the way.

On day prior to the release of the Clean Growth Strategy, the BEIS confirmed that up to £557 million will be available to support less established renewable electricity projects during the next CfD auction, now planned for the spring of 2019.

However, the Aldersgate Group, an alliance of leaders from business and politics who are pushing for a sustainable economy, said the clean growth strategy sets the UK's economy on a competitive path.

On Oct. 12, the United Kingdom government released its Clean Growth Strategy, which aims to cut carbon emissions while driving economic growth.

Alex Wild, research director at the TaxPayer's Alliance, argued against minister for climate change Claire Perry's statement that the government was considering reducing stamp duty to act as an incentive for people to make their homes more energy efficient.

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The UK Government has announced that the next wave of funding worth £557m to less established renewable energy projects will be offered in 2019.

The £2.5 billion of existing government spending includes up to £505 million from the BEIS's Energy Innovation Program, which aims to accelerate the commercialization of innovative clean energy technologies and progresses.

As per the government, the last auction which was held this September, saw the cost of offshore wind being reduced to half compared to the first auction held in 2015. "Greg Clark's department is helping to build a world-leading offshore wind industry which can power a clean industrial revolution, creating new jobs and attracting billions of new investment", said Hugh McNeal, RenewableUK's Chief Executive.

The UK Government has launched a scheme to invest up to £10 million in low carbon heating technologies.

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