U.K. Awards 315 Million Pounds of Renewables Contracts

http://www.bloomberg.com/news/artic...ds-315-million-pounds-of-renewables-contracts

The government intends that by 2017 the contracts will replace the current method of supporting renewables, known as the Renewables Obligations program. The contracts were awarded by the Department of Energy & Climate Change and announced on its website in London.

Britain is relying on the power industry for the bulk of the country’s effort to meet a European Union target of deriving 15 percent of all energy from renewables by 2020. That’s because it’s making slower progress on reducing emissions from heat and transportation. Ministers intend to get at least 30 percent of U.K. power from clean sources by the end of the decade, up from 15 percent in 2013.
The auction was split into two pots. The first awards 65 million pounds a year to established technologies including onshore wind and solar power. The second pot with an annual 235 million pounds is granted to less-established technologies, such as offshore wind, wave and tidal power.