Tag CfDs

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Landmark CfD auction secures two offshore wind contracts at 37% less than the cost of Hinkley

Yesterday BEIS (Department for Business Energy and Industrial Strategy) confirmed the latest Contract for Difference auctions in which two major wind projects from Dong Energy and EDPR with Engie secured contracts. It said that a record amount of renewable capacity is set to generate over 3GW of electricity, enough to power 3.6 million homes.  ...

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Solar and offshore wind to compete for a share of £50 million under the new Contracts for Difference

In a new document from DECC, established renewable technologies including solar PV, wind, hydro and landfill gas, will compete for an annual budget of £50 million under the new Contracts for Difference auction, which will commence in October of this year. The announcement is disappointing for those in the solar industry, who claim that the...

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Update – Contracts for Difference

Recent announcements from the Department of Energy and Climate Change (DECC) over the proposed delivery of Contracts for Difference have raised major concerns within the solar industry that there will not be crucial support available for the sub 5MW market and that the new scheme will not enable us to meet Greg Barker’s 20GW of...

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CfDs for renewable energy – what are they?

Update: take a look at our update on CfDs since June 2013   The main driver for investment in renewable energy in recent years has been the financial backing offered by subsidies like Feed in Tariffs (FiT) and Renewable Obligation Certificates (ROCs), though reliance on these changing government support schemes, combined with the recession, caused...

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