UK to offer £265m in subsidies for renewable energy developers

Wind, solar and tidal projects will compete for contracts, including funding for onshore schemes

Renewable energy developers will compete for a share in a 265m subsidy pot as the government aims to support a record number of projects in the sector through a milestone subsidy scheme later this year.

Under the scheme, offshore wind developers will compete for contracts worth up to 200m a year, and onshore wind and solar farms will be in line for their first subsidies in more than five years.