Time is running out for Miliband to find the investment needed for his renewable goals Source - Daily Telegraph 31/07/24 Link Labour’s heady bid to make Britain a “clean energy superpower” has already run into cold reality, barely days into the Starmer-Reeves era. The Government has nudged up the operating buffer for this year’s AR6 auction of fixed offshore wind contracts to £1.1bn but this is still not nearly enough to underpin the goal of quadrupling offshore wind to 60 gigawatts (GW) by 2030. Time is already running out, given the six to eight-year lag time for offshore wind farms. Unless this buffer is backed by serious money, Labour has no chance of hitting its target of 100pc clean power in six years. It is the test case for the credibility of Ed Miliband, the plenipotentiary of Energy Security and Net Zero. Britain’s policy of covering the wind auction budget by tacking it on to electricity bills is untenable and destructive now that wind is the backbone of the system, and elec...