The budget for the fifth allocation round (AR5) has been increased by £22m to provide a total available budget of £227m.
‘Pot 1’ technologies, such as offshore and onshore wind and solar, will receive £20m additional support, increasing the total budget for Pot 1 to £190m.
Emerging technologies in ‘Pot 2’ will receive £2m additional support, increasing the total budget for Pot 2 to £37m. This includes £10m ring-fenced support for tidal stream projects, as previously announced.
The round’s budget was originally set at £205m in March 2023. It has been increased after National Grid ESO provided the final valuation of all qualifying applications to the Government on 1 August 2023, as set out in the allocation round regulations and published timeline. The valuation was undertaken after Ofgem concluded the appeals process for the round.
For details on the upcoming stages of AR5, please refer to scenario five in the published timeline.