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United Kingdom to provide £557m funding for new renewable energy projects

13 October 2017

Image: The UK Government launches new clean growth strategy for decreasing carbon emissions.

As part of the strategy, developers will compete for up to £557 million of funding in Contracts for Difference auctions which drive down energy costs for consumers and increase business confidence.

Under the government's Clean Growth strategy and roadmap to 2050, the food sector aims to deliver a 55% reduction in emissions by 2025, as well as a longer-term ambition to cut Carbon dioxide by 80% by 2050.

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According to the government, the carbon emissions are down by 42% while the economy has grown by 67% since 1990.

The new Clean Growth Strategy sets out how more than £2.5 billion will be invested to support low carbon innovation from 2015 to 2021.

"The overall objective of this action is to deliver more low carbon innovation and increase competitiveness of the sector through closer and more widespread relationships with the wider UK R&D base..." In addition, up to £20 million will be used to demonstrate the viability of switching to low carbon fuels for industry.

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"Recent announcements in the offshore wind and vehicle manufacturing industries have highlighted how a clear vision, supported by detailed policies, enable the private sector to drive innovation, cut the costs of clean technologies and invest in United Kingdom jobs and supply chains".

The Clean Growth Strategy heralds the end of an era for conventional petrol and diesel vehicles and coal generation, which will be phased out by 2040 and 2025 respectively.

BEAMA released a statement confirming its support for the strategy, saying: "Compared to what has seemed to be a bit of a wasteland for new ideas in energy and buildings policy, the Clean Growth Strategy contains some exciting and ambitious plans for "cleaning up" our energy system, transport and buildings in the coming decades". Technologies categorized as "less established" in CfD regulations include offshore wind; advanced conversion technologies, with or without combined-heat-and-power (CHP); anaerobic digestion, with or without CHP; dedicated biomass with CHP; wave; tidal stream; and geothermal, with or without CHP.

Facebook's 'Order Food' feature officially launches across the US
The release cites Five Guys, Panera, Chipotle and Papa John's as a few of the chains that are participating in their program. From there, if a restaurant supports more than one of Facebook's ordering partners, you'll be able to choose between them.

United Kingdom to provide £557m funding for new renewable energy projects