UK More Than Doubles Clean Energy Scheme for Offshore Wind ...Middle East

OILPRICE - Economy
UK More Than Doubles Clean Energy Scheme for Offshore Wind
source : OILPRICE ( Middle East ) () 31
The UK is more than doubling the funding for a so-called Clean Industry Bonus to support offshore wind projects, just as the world’s biggest offshore wind project developer, Orsted, pulled the plug on a major UK plan due to worsened economics. The UK government announced on Friday that it is bumping up the budget for the Clean Industry Bonus to $722 million (£544 million) from an initial $265 million (£200 million). Under the Labour government’s plan to make Britain a clean energy superpower, the UK has introduced the Clean…

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