Ofgem eyes investment fund worth up to £8bn to speed up clean power grid build-out

Michael Holder
clock • 3 min read
Credit: iStock
Image:

Credit: iStock

Britain's energy market regulator consults on Advanced Procurement Mechanism to provide allowances for transmission owners to purchase much-needed equipment and materials

Ofgem is plotting a new investment fund that would funnel between £5bn and £8bn towards cutting delays in the build-out of electricity transmission infrastructure needed to support the UK's transition...

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 Infrastructure

National Wealth Fund pumps £28m into Peak Cluster CCS project

National Wealth Fund pumps £28m into Peak Cluster CCS project

Treasury predicts investment could secure around 3,500 jobs and enable the decarbonisation of the UK's cement and lime industry

James Murray
clock 07 July 2025 • 5 min read
AI is power-hungry - that's exactly why it could accelerate the clean energy transition

AI is power-hungry - that's exactly why it could accelerate the clean energy transition

AI's energy demand could become the pressure point that finally forces action - unlocking the investment, infrastructure and reforms the clean energy transition has needed for years, writes Devorah West from the Tony Blair Institute for Global Change...

Devorah West, Tony Blair Institute for Global Change
clock 23 June 2025 • 4 min read
National Highways starts construction on latest green bridge

National Highways starts construction on latest green bridge

New bridge in Gloucestershire to provide multi-purpose crossing for walkers, cyclists, horse riders, and wildlife

James Murray
clock 20 June 2025 • 3 min read