In the latest round of 'contracts for difference' guaranteeing electricity subsidies for renewables, solar has been the big winner, with onshore wind & also tidal gaining significant packages of guarantees.

While the contracts guarantee prices for a period, the Govt. is banking on this supporting the build-out, leaving competition among a wider range of renewables to produce price reductions in the decade (2030s).

Its a welcome shift towards the green transition.

#renewables #energy
h/t FT