UK Announces Record £800 Million Support for Offshore Wind Farms
The move aims to bolster green energy capacity amid criticism for insufficient climate action.
- The UK government announces a record £800 million support package for offshore wind farms, aiming to boost the nation's green energy capacity.
- The support comes after a failed auction last year, where no bids were submitted for offshore wind farm development.
- The total green electricity support package is valued at up to £1.025 billion, including solar farms, floating offshore wind, and wave power.
- Critics argue the budget falls short of addressing the urgent need for action on climate change and competing with international green investment.
- The government also secures a £160 million deal with Hitachi for nuclear power plant sites, potentially for small modular reactors.