As part of today’s announcement, the Government will invest £200million in offshore wind projects.
The UK is committed to reaching a 40GW capacity by 2030.
The Government is also directing £55million towards supporting new renewable technologies, of which £24million is ringfenced for floating offshore projects for the very first time.
And for the first time since 2015, established technologies will have the chance to bid for Government support via the CfD.
These include companies already involved in offshore wind and solar power.