Britain speeds toward net zero with £4 B infrastructure boost
Britain's renewable energy projects will be fast-tracked with Ofgem’s new rules, granting early access to £4 B for crucial infrastructure.
Image for illustration purposes
UK: British renewable energy projects will be accelerated under Ofgem’s new Advanced Procurement Mechanism (APM), granting early access to nearly £4 B for critical transmission equipment. This initiative enables electricity transmission owners to procure essential materials, —such as cables and switchgear, years in advance, reducing supply chain delays, controlling costs, and attracting global investment.
Ofgem’s move aligns with the UK’s ambition to achieve clean power by 2030, supporting faster grid connections and infrastructure expansion. Energy Minister Michael Shanks emphasized that the measure will help secure materials, speed up renewable projects, and lower costs for consumers.
The APM ensures financial accountability, with strict governance to prevent misuse of funds. Any unused investment will be returned to consumers. To minimize risks, only transferable equipment will be eligible for early procurement.
By securing materials in advance, this pioneering mechanism aims to prevent price hikes, support domestic manufacturing, and improve Britain’s energy security. If successful, it could be extended to other infrastructure sectors, reinforcing the UK’s leadership in clean energy innovation.
Source: Ofgem
#Clean Power#electricity transmission#grid#infrastructure#investment#Michael Shanks#net-zero#Ofgem#procurement#renewable energy#supply chain
