Labour tries to attract clean energy contracts with record £1.5bn for auction
by Jillian Ambrose from Environment | The Guardian on (#6PM14)
The new budget comes after the previous government failed to award a single new offshore wind contract in 2023
The Labour government will make record amounts of funding available to clean energy developers after it increased the value of its summer subsidy auction by 50%, to 1.5bn.
The addition, compared with figures previously announced, means the total budget is seven times the amount available at last year's auction, the government said.
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