U.K. Begins Renewable Energy Program’s Largest Funding Drive
- Almost 300 million pounds a year available in fourth round
- New additions could add 12% to national electricity capacity
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The U.K. opened the largest-ever round of funding for its renewable energy program in a push for low-carbon technology.
The fourth round of the government’s Contracts for Difference regime aims to secure 12 gigawatts of new electricity capacity, with 285 million pounds ($378 million) a year available to new energy projects, according to a statement published Monday. That’s more capacity than the previous three rounds combined.