Government confirms £1bn budget for clean power auction, but fears grow over offshore wind target

James Murray
clock • 5 min read
Credit: Octopus Energy
Image:

Credit: Octopus Energy

Experts warn next auction round likely to leave the UK badly off track to meet its target of 50GW of new offshore wind capacity by 2030

The government has today confirmed a record budget for the next clean power contract auction round, as Ministers attempt to revive an offshore wind development pipeline hit by the failure of last summer's...

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 Wind

Gas generation falls as wind farms set new quarterly generation record

Gas generation falls as wind farms set new quarterly generation record

New data shows wind generation reached 29.2TWh during the first quarter, as gas power output fell 16 per cent year-on-year

James Murray
clock 20 April 2026 • 3 min read
RWE and Network Rail ink five-year offshore wind farm deal

RWE and Network Rail ink five-year offshore wind farm deal

RWE to supply 300Gwh of clean electricity to Network Rail to power its offices, depots, and stations

clock 16 April 2026 • 2 min read
Evolve Energy strikes offtake deal for power from Race Bank offshore wind farm

Evolve Energy strikes offtake deal for power from Race Bank offshore wind farm

Major new power purchase agreement with Shell Energy Europe to secure 1TWh of clean power for Evolve Energy's industrial and commercial customers

clock 14 April 2026 • 2 min read