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Developers are being offered an initial budget of £1.08 billion annually in support for new offshore wind farms.
The Government unveiled the cash pot for the next renewable electricity auction, which sees developers bid to secure a fixed price they can charge for each megawatt hour (MWh) of power they generate.
The budget aims to spur on investment in clean power capacity as part of wider ambitions to decarbonise the UK’s electricity grid, reduce household bills and boost economic growth.
Ministers increased the maximum amount companies could charge per MWh of elec
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