'A significant step forward': Government confirms £1bn-plus budget for clean power contract auction

James Murray
clock • 5 min read
'A significant step forward': Government confirms £1bn-plus budget for clean power contract auction

Contract budget for Allocation Round Seven set at £900m for offshore wind projects and £180m for floating offshore wind farms

The government has today unveiled the budget for its upcoming clean power contract auction, confirming nearly £1.1bn is to be made available for the next wave of offshore wind and floating offshore wind...

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

Global Briefing: El Niño could push global temperatures to all-time high in 2027

Global Briefing: El Niño could push global temperatures to all-time high in 2027

Scientists warn further temperature increases are on horizon, TotalEngeries inks 15-year solar deal to power Google data centres, and Seychelles coral facility achieves landmark spawning event

Stuart Stone
clock 13 February 2026 • 8 min read
High Seas Treaty passes into UK law after receiving Royal Assent

High Seas Treaty passes into UK law after receiving Royal Assent

Government expected to fully ratify landmark Treaty this summer, after it achieved both Parliamentary approval and Royal Assent this month

Stuart Stone
clock 12 February 2026 • 3 min read
European Parliament adopts target to slash EU emissions by 90 per cent by 2040

European Parliament adopts target to slash EU emissions by 90 per cent by 2040

European Parliament votes in favour of intermediate and binding climate target as bloc reinforces net zero by 2050 target

Stuart Stone
clock 10 February 2026 • 3 min read