Commenting on the UK Government’s announcement today that £557m will go to support new renewable energy projects, and that the next Contracts for Difference auction will be held in spring 2019, Andrew Jamieson, Chief Executive of ORE Catapult, said:
“Today’s announcement on a new Contracts for Difference Auction for offshore wind is welcome. It will bolster confidence in the sector, enabling the industry to continue to drive innovation and build a strong UK supply chain, which is essential for continued cost reduction, job creation and powering the UK economy.
“As well as helping maintain the country’s position at the forefront of the development of offshore renewables, today’s announcement will also deliver a welcome confidence boost to the growing number of start-ups and small companies pioneering technology for the offshore renewables industry, ensuring that offshore wind becomes the backbone of the UK’s future energy systems.”