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Energy sector urges UK Government to increase CfD funding

Scottish Renewables, alongside 67 organisations representing 20,000 jobs in renewable energy, urges the UK Government to increase funding for the Contracts for Difference scheme

Scottish Renewables, supported by 67 organisations within the renewable energy sector, has issued a collective plea to the new UK Government to accelerate the deployment of renewable energy projects.

This call comes ahead of Allocation Round 6 (AR6) of the Contracts for Difference (CfD) scheme, crucial for securing investments in low carbon electricity generation.

Despite more than 12GW of renewable projects being eligible for AR6, concerns have arisen due to the current budget constraints, potentially limiting the number of projects that can secure funding.

The industry stresses the importance of increasing the AR6 budget to support vital Scottish projects and their associated supply chains, aiming to contribute towards the UK’s target of 50GW of offshore wind by 2030.

Claire Mack, Chief Executive of Scottish Renewables, highlighted the CfD scheme’s pivotal role in boosting renewable energy investments nationwide.

Claire Mack called for immediate action from the new government to align the CfD budget with the industry’s potential, facilitating economic growth and job creation while advancing clean energy objectives across the UK.

Ms Mack said: “The new UK Government has an immediate opportunity to not only get us back on track to meet our bold targets but to kickstart economic growth and high-value job creation by uplifting the Allocation Round 6 budget.

“Maximising CfD will also pave the way for cleaner, cheaper and more secure energy for the benefit of communities across the UK.”

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