Renewable Energy: Finance

(asked on 28th June 2021) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to adjust the parameters of the upcoming Contracts for Difference fourth allocation round to support a green economic recovery following the covid-19 outbreak.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 1st July 2021

We will publish specific auction parameters well in advance of the next allocation round. My Rt. Hon. Friend the Prime Minister’s Ten Point Plan for a Green Industrial Revolution set out our very firm commitment to industry, including our plans to strengthen supply chain commitments to boost UK growth. We are also aiming to deliver up to double the amount of renewables we procure through the next Contracts for Difference allocation round, and this will be crucial for stimulating investment in the sector.

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