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The UK Infuses £265 Million to Support Renewable Energy Projects

Offshore wind will be backed by £200 million with an additional £24 million ringfenced for floating offshore wind projects

September 16, 2021

/ Arjun Joshi
/ Other, Renewable Energy
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The U.K. Government will infuse £265 million (~$366 million) to support renewable energy projects in the upcoming Contracts for Difference (CfD) auction. CfDs are 15-year private contracts between renewable energy generators and the government-owned – Low Carbon Contracts Company (LCCC) that manages CfDs.

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Arjun Joshi

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