Tidal Power: Finance
(asked on 18th July 2024) - View Source
Question to the Department for Energy Security & Net Zero:
To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of increasing the minimum ringfence for Tidal Stream projects to £30 million for Allocation Round 6 of the upcoming Contracts for Difference auction.
Answered by
Michael Shanks
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 23rd July 2024
The minimum budget for tidal stream was set in March at £10m.
The Secretary of State will confirm his decision on whether to increase the AR6 budget by 1st August, before the AR6 bidding window opens.