Tidal Power: Finance

(asked on 24th October 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask His Majesty's Government, further to The Offshore Renewable Energy Catapult’s report Cost Reduction Pathway of Tidal Stream Energy in the UK and France, published on 17 October, whether they will keep a ringfenced amount of generation of tidal stream energy in upcoming Contracts for Difference auctions.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 7th November 2022

The Government is currently developing auction parameters for Allocation Round 5 of the Contracts for Difference scheme, including any for tidal stream, taking into account evidence of the pipeline of available projects. The Government will publish details of these parameters ahead of the round opening in March 2023.

Reticulating Splines