UK unveils Clean Industry Bonus to support offshore wind projects
The UK has launched the Clean Industry Bonus (CIB), a new incentive scheme aimed at supporting offshore wind projects and advancing the country’s goal of decarbonising its energy system by 2030. Set out in the Contracts for Difference (Allocation) Regulations 2014 and the Electricity Market Reform (General) Regulations 2014, the scheme will provide an initial £27 million ($33.5 million) in funding for each gigawatt (GW) of capacity awarded to successful offshore wind project bidders, as…