'Too low and too tight': Clean energy auction budget will discourage investment, sector warns

Concerns are mounting the UK's upcoming clean power contract auction sends the wrong signal to renewables investors, amid fears the government's proposed £205m budget is too low given rising inflation and interest rates, supply chain challenges, and labour shortages across the industry. Renewables trade bodies and analysts have today warned that many wind, solar, and tidal developers might hold back from bidding in this year's Contract for Difference (CfD) auction round under current proposals, arguing reductions in maximum strike prices being offered by government do not take into accou...