Government increases AR5 budget to £227m
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.