Great Britain’s renewable energy auction has secured enough new clean electricity projects to power 11m UK homes after the Labour government made record funding available to suppliers.
The £1.5bn auction will support the construction of new windfarms, solar farms and tidal power projects after the new government increased the amount of funding available to seven times the sums offered last year.
The sixth auction of its kind is expected to bring forward a deluge of new investment and jobs by giving developers a guaranteed price for each unit of clean electricity they generate, which is paid for by energy bills.
Ed Miliband, the energy secretary, said: “Today we have now achieved a record-setting round for enough renewable power for 11m homes, essential to give energy security to families across the country. It is another significant step forward in our mission for clean power by 2030 – bringing Britain energy independence and…
