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Evening Standard
Evening Standard
Business
Rebecca Speare-Cole

Offshore wind auction to attract £3.4bn of private investment, Government says

The Government said the offshore wind projects will generate enough electricity to power 12 million homes (PA) - (PA Archive)

The Government said its flagship renewable energy auction will attract £3.4 billion of private investment to build factories, ports and domestic supply chains across the UK.

The latest round of contracts, announced on Wednesday, secured a record 8.4GW of offshore wind power – the amount experts have said was needed this year to keep the Government on track to meet its “clean power” by 2030 pledge.

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