EconomyLens.com
No Result
View All Result
Tuesday, February 24, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

UK announces record green energy auction

Emma Reilly by Emma Reilly
September 3, 2024
in Economy
Reading Time: 4 mins read
A A
0
42
SHARES
527
VIEWS
Share on FacebookShare on Twitter

The UK green energy auction comes one year after a similar event failed last year. ©AFP

London (AFP) – The UK on Tuesday said it had awarded a record 131 new green infrastructure projects in a single auction, including plans for Europe’s two biggest offshore windfarms. The new Labour government hailed the outcome to power millions of homes across the island nation with cleaner energy and which followed a similar unsuccessful auction in 2023 under the previous Conservative administration.

Related

China tightens Japanese trade restrictions as spat worsens

Despite drop in 2025, Russian oil exports exceed pre-war volumes: report

Panama wrests control of canal ports from Hong Kong group

Canada PM heads to Asia seeking new trade partners as US ties fray

US says trade deals in force despite court ruling on tariffs

“We inherited a broken energy policy, including last year’s disastrous auction round which gave us no successful offshore wind projects,” Energy Secretary Ed Miliband said in a statement. He said the UK had “achieved a record-setting round for enough renewable power for 11 million homes, essential to give energy security to families across the country.

“It is another significant step forward in our mission for clean power by 2030 — bringing Britain energy independence and lower bills for good,” Miliband added. The auction awarded contracts for nine new offshore wind projects, including for what will be Europe’s largest and second largest windfarms, Hornsea 3 and Hornsea 4 off the Yorkshire coast in northern England. There were also contracts for onshore wind, solar and tidal energy projects.

But Greenpeace UK’s political campaigner, Ami McCarthy, said the new plans amounted to only half the offshore wind needed to meet the government’s 2030 target. “This urgently needs to be followed up with a much bigger auction next year, as well as investment for faster grid connections, better planning, and more storage to hold the green power for when it’s needed,” she added in a separate statement.

Labour increased the new contract budget by 50 percent to attract more business after industry groups blamed last year’s lack of bidders on contract prices being set too low. Soon after winning election in July, new Prime Minister Keir Starmer’s government launched Great British Energy, a public-owned body that intends to spur investment in domestic renewable projects.

© 2024 AFP

Tags: clean energyrenewable energyUK
Share17Tweet11Share3Pin4Send
Previous Post

Vegan Nutella to hit European shelves

Next Post

Turmoil in Italy over plan to hike tourist tax

Emma Reilly

Emma Reilly

Related Posts

Economy

Brazil’s Lula urges Trump to treat all countries equally

February 23, 2026
Economy

Trump hikes US global tariff rate to 15 percent

February 22, 2026
Economy

Trump unleashes personal assault on ‘disloyal’ Supreme Court justices

February 21, 2026
Economy

‘Not the end’: Small US firms wary but hopeful on tariff upheaval

February 20, 2026
Economy

US Supreme Court strikes down Trump global tariffs

February 20, 2026
Economy

Germany’s Merz to visit China next week

February 20, 2026
Next Post

Turmoil in Italy over plan to hike tourist tax

Ex-Volkswagen CEO denies charges in 'dieselgate' trial

Oil prices, stocks retreat as China weighs on sentiment

From acclaim to blame: Lebanon bank chief Riad Salameh

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

81

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

China tightens Japanese trade restrictions as spat worsens

February 24, 2026

China targets Japanese companies over military ties

February 23, 2026

Asian markets mixed as traders weigh AI and tariffs outlook

February 24, 2026

YouTube exec says goal was viewer value not addiction

February 23, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.