Up to £300m for Green Recovery
Britain’s energy networks will work with Ofgem to invest up to £300m in the Green Recovery.
As the Prime Minister has made clear in his Ten Point Plan, the green industrial revolution will impact on every corner of the UK. Therefore, by working closely with Ofgem, Energy Networks Association (ENA) members have drawn up plans to unlock early investment in the grid to support the technologies of tomorrow to be delivered quickly, driving green jobs and green growth across Great Britain.
ENA is today launching a six-week call for local authorities, developers and other parties to state the case as to why extra capacity in their locality should be selected for investment. There is a particular interest in evidence about locations where network investment can be made quickly to support shovel-ready developments that underpin the transition to a net-zero carbon emissions economy, in line with Government targets.
With tens of millions of pounds available for investment in each distribution network licence area, there is up to £300m available across Great Britain.
Energy Minister Anne-Marie Trevelyan MP said: “The UK’s energy system is one of the most advanced in the world and through the Prime Minister’s Ten Point Plan and our Energy White Paper, we are ensuring that it is also the greenest so we can eliminate our contribution to climate change.
“Unlocking investment in the grid is vital to speed up the development of clean, green technologies that cut emissions and create thousands of jobs as we build back greener.”