Government Investment in UK’s Green Industries
Government High Voltage Investment
The UK government has announced a substantial £960 million investment to boost green industries and modernize the power network. This includes a comprehensive plan to accelerate grid connections, enabling more clean energy projects to connect to the grid efficiently. The initiative aims to release over 100GW of capacity and support the development of renewable energy sources like solar and wind power, critical for achieving the UK’s climate goals. These reforms will help reduce delays in network build and provide significant economic opportunities thanks to the Governments High Voltage Investments.
Huge boost for UK green industries with £960 million government investment and major reform of power network – GOV.UK
- New plans to halve power line construction time will speed up delivery of homegrown, renewable energy to homes and businesses
- average grid connection delays cut from 5 years to 6 months, releasing up to 100GW of capacity – equivalent to around a quarter of the electricity needed to power our economy in 2050 – and maintaining the UK’s position as a world leader in low carbon energy
- properties closest to power infrastructure could benefit from up to £1,000 a year off electricity bills
- £960 million committed to accelerate manufacturing in key net zero sectors
This article has been referenced from https://www.gov.uk/government/news/huge-boost-for-uk-green-industries-with-960-million-government-investment-and-major-reform-of-power-network
In relation to: Government High Voltage Investment
