'Biggest budget yet': Government announces record £1.5bn for CfD clean energy auction

Stuart Stone
clock • 7 min read
Credit: iStock
Image:

Credit: iStock

Clean energy auction budget increased by more than 50 per cent, following 2023 'catastrophe' that saw no new offshore wind projects secured

The UK's green energy sector will bid for a record-breaking £1.5bn of support through the next Contract for Difference (CfD) auction, after the government today confirmed it would increase the budget for...

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 Energy

Study: US renewables capacity tipped to more than double to over 1TW by 2035

Study: US renewables capacity tipped to more than double to over 1TW by 2035

New report predicts US renewables sector will continue to expand, despite opposition from Trump White House

BusinessGreen staff
clock 31 December 2025 • 4 min read
Octopus Energy to spin-out software arm Kraken at $8.65bn valuation

Octopus Energy to spin-out software arm Kraken at $8.65bn valuation

Energy giant announces plan to sell $1bn-worth of equity in Kraken, as part of major funding round involving new and existing investors

BusinessGreen staff
clock 30 December 2025 • 3 min read
EDF 'Sunday Saver' scheme to return in January

EDF 'Sunday Saver' scheme to return in January

Energy giant confirms popular energy saving incentive programme will be available from next month

BusinessGreen staff
clock 30 December 2025 • 2 min read