New Energy
UK Moves to Ease Offshore Wind Rules to Boost Renewables Rollout
- Government unveils its proposals to speed up projects
- That includes relaxing planning rules for offshore wind
Wind turbines off the coast in Clacton On Sea, UK.
Photographer: Carlos Jasso/BloombergThis article is for subscribers only.
The UK government unveiled reforms to speed up the rollout of renewable energy projects such as offshore wind as it targets a clean power system by 2030.
The planned changes center around so-called contracts for difference that guarantee fixed prices for power producers and which have been key in driving investment in renewables. The key proposals include relaxing of planning rules for offshore wind, changing how budgets are set and extending contract terms to improve cost effectiveness.