Ofgem Approves Early Funding for 26 UK Grid Projects as Supply Bottlenecks Threaten Timelines
Updated
Updated · Bloomberg · May 12
Ofgem Approves Early Funding for 26 UK Grid Projects as Supply Bottlenecks Threaten Timelines
3 articles · Updated · Bloomberg · May 12
Ofgem on Tuesday cleared early construction funding for more transmission projects in Scotland, bringing the UK fast-track grid pipeline to 26 approved schemes.
The funding lets developers move sooner to secure heavy-duty cables, substation equipment and other long-lead components that have faced global shortages.
The push is aimed at speeding grid build-out for more renewable generation while helping the UK compete with other countries for scarce power-network parts.
Can early funding fix a 15-year connection backlog that is strangling the UK's green energy goals?
Is building 1,100 giant pylons the only answer, or is Britain overlooking smarter, local energy solutions?
As household bills rise £300, will the UK's £70bn grid gamble actually deliver cheaper energy?