On day prior to the release of the Clean Growth Strategy, the BEIS confirmed that up to £557 million will be available to support less established renewable electricity projects during the next CfD auction, now planned for the spring of 2019. As part of the announcement, the government confirmed up to £557 million ($738.91 million) for the next Contracts for Difference (CfD) auction, which is planned for the spring of 2019.
Image: UK to conduct next renewable energy auctions in 2019.
Less established renewable energy projects will include offshore wind, biomass, energy-from-waste technologies and combined heat and power projects.
"Recent announcements in the offshore wind and auto manufacturing industries have highlighted how a clear vision, supported by detailed policies, enable the private sector to drive innovation, cut the costs of clean technologies and invest in United Kingdom jobs and supply chains". With respect to wave, tidal stream and tidal range technologies, the strategy says that they could also have a role in the UK's decarbonisation, but will need to demonstrate how they can compete with other forms of generation. "It does seem extraordinary that when a technology as vital to the world's future as solar is asking, not for any new public support, but for simply a level playing field with other technologies, the Government is not moving to respond", said STA policy manager Chris Hewett.
Investor Watch: Indicator Review for MGM Resorts International (MGM)
Over the last few days fluctuation in the stock of MGM Resorts International (NYSE:MGM) was the main talking point of investors. MGM Resorts International's payout ratio is presently 26.04%. 21,441 shares were sold by SANDERS COREY IAN, worth $677,570.
Bearish IEA Demand Outlook Could Pressure Prices
This likely means OPEC must deepen its production cuts to finish its job of bringing oil stocks back to the five-year average. Analysts in a Wall Street Journal survey had projected a 1.7 million-barrel decline.
Tesla recalls 11000 Model X over faulty rear seats
Until then, the company suggests not stacking two adults in the center and behind-driver seats in the second row. Tesla has sent letters to its customers who buy a brand auto Model X, putting fault that must be corrected.
Alex Wild, research director at the TaxPayer's Alliance, argued against minister for climate change Claire Perry's statement that the government was considering reducing stamp duty to act as an incentive for people to make their homes more energy efficient.
The new Clean Growth Strategy sets out how more than £2.5 billion will be invested to support low carbon innovation from 2015 to 2021.
In a 164-page document crammed with 50 low-carbon policies and plans, the Government has planted the seeds for a new era of green economic growth which replicates the offshore wind model and offers major opportunities for United Kingdom plc.