U.K. Offers $1.3 Billion to Lift Offshore Wind Projects

GALWAY, IRELAND--March 27, 2024--Written by Martin Lynch, European News
Editor for Industrial Info (Galway, Ireland)--The U.K. government is hoping to spur investment in renewable energy projects by offering more than 1 billion pounds (US$1.3 billion) in financial support in its upcoming energy auction--four times more than the last auction in 2023.
Within this article: Details major boost in funding to attract renewable project investment in latest U.K. power auction, offshore wind to get most