Local communities and cities to receive government aid to fund and manage green projects in government-backed bid to drastically reduce carbon emissions, reports the Guardian.
Two offshore wind farms to be built for just £57.50 per MWh following today’s second Contracts for Difference subsidy auction – well below price government guaranteed for Hinkley Point C nuclear farm.
British renewable energy developer Lightsource has entered into a £1 billion partnership with asset manager BlackRock Real Assets to create Kingfisher, which will target 1 GW of solar capacity in the U.K. Partnership will also eye storage opportunities.
The British solar developer confirms that its proposed 40 MW solar farm in Hampshire, southern England, will be commissioned by early 2018 and built without the need for any form of subsidy or support from government.
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