Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to increase investment in the development of (a) onshore and offshore wind, (b) tidal energy, (c) solar power, (d) hydrogen power and (e) other renewable energy sources.
The Contracts for Difference (CfD) scheme is the Government’s main mechanism for supporting renewable generation in Great Britain. The latest round is the largest yet and will support technologies including offshore wind, onshore wind, solar, tidal and floating offshore wind. The next CfD round will be held in March 2023, and future rounds will run annually, rather than every two years, helping to drive deployment of renewable power.
The Government’s policy levers for hydrogen, including the Hydrogen Business Model, are designed to unlock significant private sector investment to reach the 10GW by 2030 production ambition.