<-- Back to proposed bills
Business Update
06 October 2020
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
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.
▸
Assessment & feedback
Summary accuracy