Wind Power: Seas and Oceans
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 continuing grant funding to the offshore wind supply chain investment.
Answered by Michael Shanks
The Government has just launched the Clean Industry Bonus, an addition to Contract for Difference (CfD) payments for fixed and floating offshore wind developers who invest in their supply chains.
The Government has capitalised the National Wealth Fund with £27.8bn, which will mobilise billions of pounds of investment in the UK’s world-leading clean energy and growth industries, and support the delivery of the Industrial Strategy.
£8.3bn has also been announced for the newly created Great British Energy which will work in lockstep with the National Wealth Fund.
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