House of Commons · Written Ministerial Statement
Business Update
06 October 2020 · Department for Business, Energy and Industrial Strategy
Proposed by Alok Sharma Con Reading West
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- UK government invests 160 million in major port-side manufacturing hubs for offshore wind energy.
- Boosts offshore wind capacity target from 30GW to 40GW by 2030.
- Includes at least 1GW from floating offshore wind technology.
Issue summary
The statement discusses the UK government's investment in offshore wind energy and its increased ambition for renewable energy targets.
Action requested
The Government has announced £160 million in new funding to support major port-side manufacturing hubs, a boost from 30GW to 40GW of offshore wind capacity by 2030, with at least 1GW coming from floating offshore wind. The next round of the renewable energy auction will open late 2021.
Key facts
- £160 million new investment for offshore wind.
- New target to deliver up to 40GW of offshore wind capacity by 2030, previously set at 30GW.
- At least 1GW of the 40GW will come from floating offshore wind technology.
- The next round of renewable energy auction will open in late 2021.
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Assessment & feedback
Summary accuracy