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Record budget expected to boost offshore wind capacity, enhancing energy security

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July 31, 2024
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The government has announced a record-breaking budget of £1.5bn to support the next wave of renewable energy schemes. This comes after a failed funding process in 2023, which saw the budget for renewable energy auctions fall short. Energy Secretary Ed Miliband stated that the additional £500m for the upcoming renewable energy auction demonstrates the government’s commitment towards delivering…

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