Ofgem greenlights early investment for clean power projects

Ofgem has given the go-ahead for investment in a string of energy security and clean power projects.

The energy regulator approved Early Construction Funding (ECF) requests for eight electricity transmission projects proposed by Scottish Hydro Electric Transmission.

It has also given the green light for the financing of National Grid Electricity Transmission’s “Sea Link” cable between Suffolk and Kent to reinforce England’s southern and eastern regions.

The projects are part of the Accelerated Strategic Transmission Investment (ASTI) framework, which aims to help the UK meet its 43-50GW offshore wind target by 2030.

Beatrice Filkin, Ofgem’s director of major projects, said: “Releasing early investment to suitable projects equips British transmission operators to compete globally, avoid delays caused by supply chain constraints and secure the sought-after materials and components to boost our energy security and power our homes and economy.”