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Tidal Power

Asked by Joe RobertsonConservativeDepartment for Energy Security and Net ZeroTabled Answered 30 October 2024UIN 10590

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 tidal stream ring-fence to £30m in Allocation Round 7 of the upcoming Contracts for Difference auction.

Answered by Michael Shanks

Six tidal stream projects were successful in Allocation Round 6, meaning that just over half of the world's tidal stream deployment is in UK waters. The Secretary of State is working with industry to accelerate ways the Contracts for Difference scheme can be expanded to deliver our 2030 clean power mission, and we will publish further information about the next Allocation Round in due course.

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