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Tidal Power: Finance

Asked by Mr Alistair CarmichaelLiberal DemocratDepartment for Energy Security and Net ZeroTabled Answered 23 July 2024UIN 601

The question

To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of increasing the minimum ringfence for Tidal Stream projects to £30 million for Allocation Round 6 of the upcoming Contracts for Differe

Answered by Michael Shanks

The minimum budget for tidal stream was set in March at £10m. The Secretary of State will confirm his decision on whether to increase the AR6 budget by 1st August, before the AR6 bidding window opens.

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