United Kingdom government confirms up to £557 million for new renewable energy projects

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The new strategy is claimed to ensure that the whole country can benefit from new technologies, jobs and businesses that are good for consumers, the environment and the economy. It's as big a change as the move from the age of steam to the age of oil and Britain is showing the way.

The UK government will invest up to £100 million ($132 million) in carbon capture, usage and storage (CCUS) technology and industrial innovation as part of its Clean Growth Strategy, published on Thursday.

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On Oct. 12, the United Kingdom government released its Clean Growth Strategy, which aims to cut carbon emissions while driving economic growth.

"Ministers are seizing the global opportunity to lead on low-carbon economic growth". It includes increased public spending, research and innovation and covers programs delivering low carbon energy, transport, agriculture and waste.

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Scottish Secretary David Mundell said: "This UK government investment is vital in realising the potential of less established renewable technologies, as well as providing Scottish jobs in the projects supported".

However, the Aldersgate Group, an alliance of leaders from business and politics who are pushing for a sustainable economy, said the clean growth strategy sets the UK's economy on a competitive path.

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In the most recent CfD auction, which ended last month, the cost of new offshore wind power had dropped by 50% compared to the first tender round held in 2015. 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. This wonderful cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions. "However, what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".

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