Government backs UK offshore wind

Government backs UK offshore wind Government backs UK offshore wind

The British government has reaffirmed its commitment to spend £730m per annum on renewable electricity projects and confirmed that the second Contracts for Difference (CfD) auction will open for less established technologies in April 2017.

This will allow companies to compete for the first £290m worth of contracts for renewable electricity projects. The goal is to deliver enough renewable electricity to power around one million homes and reduce carbon emissions by around 2.5 million tonnes per year from 2021/22 onwards.

However, more clarification is needed for alternate renewable solutions such as the wave and tidal sectors. Unlike the previous auction, there has been no budget ring-fenced for marine energy projects.

Rémi Gruet, CEO, Ocean Energy Europe, said:

“Clarity is needed on how support will be ring-fenced for emerging technologies. These cannot be expected to compete from day one with more established industries, who have driven down costs by deploying volumes.”

“The economic opportunity presented by wave and tidal is significant, and should be an integral part of the UK’s and Europe’s industrial strategy.”

Seawork 2017 will be hosting key market influencers to discuss the implications and impact of the renewables marine sector as part of our conference sessions. Find out more at www.seawork.com

Latest Press Releases

Garmin® wins two DAME Design Awards for Force™ and GPSMAP® 86i

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s leading marine electron... Read more

70 years of business at Damen Shiprepair Oranjewerf

Damen Shiprepair Oranjewerf is celebrating 70 years of delivering repair, maintenance, conversion an... Read more

VETUS Reveals New Glazing Products

VETUS is expanding its portfolio of glazing products with sleek new portlights, ventilation hatches,... Read more

Three new Damen FCS Patrol vessels for SR Platforms achieve major milestones in a single week

In just one week, Damen Shipyards Group has launched an FCS 3007 Patrol vessel and, in cooperation w... Read more

BMT delivers mooring line monitoring system for Helang FPSO

BMT has delivered a Mooring Line Monitoring (MLM) system to London Marine Consultants (LMC) for the ... Read more

Damen Marine Components receives steering system contract for SunStone’s fifth Infinity-class 200 pax polar expedition cruise ship

Damen Marine Components (DMC) has received the contract to supply the rudders and steering gear for ... Read more

View all