DECC Releases CfD Budget Draft

UK Department of Energy and Climate Change has released a draft version of the Contracts for Difference (CfD) budget notice that the Secretary of State will give to the EMR Delivery Body, National Grid, ahead of the first allocation round in October 2014.

The department divided the first allocation round in two pots. The first pot, consisting of established technologies like onshore wind and solar, will be granted GBP 50 million for the project commissioning from 2015/16 onwards.

The second pot comprises technologies such as offshore wind, wave and tidal stream which are less established. They will be granted GBP 155 million for the project commissioning from 2016/17 onwards.

The administrative strike price for tidal and wave energy will be 305 £/MWh for the period of next 5 years.

Offshore wind price will be reduced from 155 £/MWh to 140 £/MWh over the same period.

According to the draft, all prices have been calculated in real terms on the basis of a £2011/12 price level.

Offshore WIND staff, July 24, 2014; Image: flickr

 

Share this article

Follow Offshore Wind

Leave a Reply

Popular Articles>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

2nd ANNUAL OFFSHORE WIND OPERATIONS AND MAINTENANCE FORUM

The Forum will give the full update on the O&M effective practices and their perspectives, providing industry developers new tools…

read more >

All-Energy Exhibition and Conference 2017

All-Energy has provided the industry suppliers, experts and thought-leaders from the renewable energy supply chain the opportunity…

read more >

Future Conference: Wind & Maritime

The sixth Future Conference: Wind & Maritime – the conference in north-eastern Germany that connects wind wnergy with maritime industry…

read more >

OWIB 2017

OWIB is an annual network event dedicated to making contacts and contracts within the offshore wind industry…

read more >

Jobs>

Network Support Engineer

As Network Support Engineer you will be responsible for the installation / configuration, operation and maintenance of the infrastructural network ...

apply

Project Manager Shiprepair Dunkerque

The project departments within the Damen Shiprepair & Conversion yards are managed by a Head of Projects or directly by the MD of the yard ...

apply

Offshore wind jobs at Shell Netherlands BV

Commercial Lead New Energies, Offshore Wind Operations Lead and Wind Turbine Engineer.

apply

Vessels>