'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

James Murray
Author spotlight

James Murray

View profile
More from James Murray

The Treasury is at risk of undermining one of its only growth stories

'Mixed signals': Government reportedly planning to restrict heat pump grant scheme

More on Policy

'Mixed signals': Government reportedly planning to restrict heat pump grant scheme
Policy

'Mixed signals': Government reportedly planning to restrict heat pump grant scheme

Budget could see heat pump funding diverted to efficiency programmes, in a move experts fear would deal major blow to heat decarbonisation efforts

James Murray
James Murray
clock 14 November 2025 • 4 min read
EU Omnibus: MEPs back simplified reporting and due diligence rules
Policy

EU Omnibus: MEPs back simplified reporting and due diligence rules

European Parliament confirms position on reporting duties and due diligence requirements for companies under watered down CSRD and CSDDD

Stuart Stone
Stuart Stone
clock 14 November 2025 • 5 min read
Reports: Chancellor tipped to cap 'Cycle-to-Work' schemes in Autumn Budget
Policy

Reports: Chancellor tipped to cap 'Cycle-to-Work' schemes in Autumn Budget

Rachel Reeves reportedly eyeing new limits on how much workers using salary sacrifice schemes can spend on high-spec manual bicycles and e-bikes

Stuart Stone
Stuart Stone
clock 13 November 2025 • 4 min read