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Government launches new Charging Infrastructure Investment Fund

Nick Palmer Senior Writer

Government launches new Charging Infrastructure Investment Fund Exchequer Secretary to the Treasury Simon Clarke delivered a speech to industry leaders to launch the government’s Charging Investment Infrastructure Fund on Monday 7 October. In partnership with Zouk Capital, the fund will see government investment match all private capital invested for maximum impact. “We were delighted that renewable energy developer Masdar chose to invest £35mn in the fund – which the government topped up to £70mn – for the installation of 3,000 rapid chargers across the country,” Clarke added. HM Treasury   Drax’s application for high efficiency gas turbine technology is approved On Friday 4 October, Business Secretary Andrea Leadsom approved Drax’s planning application to convert the Drax Power Station near Selby in North Yorkshire to an 1,800MW combined cycle generating unit. Drax must secure a capacity market agreement to underpin the investment needed to develop the first combined cycle generating unit. However, on Monday 7 October, climate campaigners Biofuewatch criticised the government’s approval of the project, saying that the decision will “lock the UK into dirty energy production for at least another two decades.” Drax    Drax – National Infrastructure Planning   New competition launches to advocate Scotland's Climate Week Events are being held in schools, colleges and workplaces to encourage people to take action to reduce greenhouse gas emissions during Scotland’s Climate Week. Announced on Monday 7 October, ministers will also support the message that ...

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