Renewable energy strike prices to deliver £40bn of new investment

Jessica Shankleman
clock

Government confirms offshore wind, hydro and geothermal will see support boosted from 2015, but solar and onshore wind will be cut

The renewable energy industry has welcomed a government decision to boost financial support for offshore wind farms, which could ensure an extra 2GW of capacity is constructed by the end of the decade....

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Paris Agreement: The next challenge for Article 6 is implementation, not integrity

Paris Agreement: The next challenge for Article 6 is implementation, not integrity

The rules governing carbon credit trading in the Paris Agreement are sound - the question now is whether the capacity to apply them will be developed quickly and broadly enough to make the mechanism work, writes Ritika Tewari from the Project Developer...

Ritika Tewari, Project Developer Forum
clock 13 May 2026 • 4 min read
What your local council can actually do to tackle the climate crisis

What your local council can actually do to tackle the climate crisis

Local authorities may be blighted by under-funding and constrained by the UK's centralised system of government, but there are still lots of levers they can pull to advance climate action

Rebecca Willis, University of Manchester - The Conversation
clock 12 May 2026 • 5 min read
Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Report calls for continent-wide push to accelerate grid development, curb power costs, and ramp up electrification efforts

James Murray
clock 05 May 2026 • 5 min read