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The UK Department for Business, Energy & Industrial Strategy (BEIS) is opening the third Contracts for Difference (CfD) allocation round today, 29 May. The third CfD round has attracted offshore wind bids with a combined capacity of 8.4GW from major developers such as SSE, Equinor, Scottish Power, innogy, and Red Rock Power Ltd. A total of […]
The UK government has awarded three offshore wind projects with Contracts for Difference (CfD) in the second round of auctions with strike prices going as low as GBP 57.50/MWh for projects scheduled for commissioning in 2022/23.
The European Commission has concluded that a UK scheme called "Contracts for Difference" that promotes the generation of electricity from renewable sources is in line with EU state aid rules. In separate investigations, the Commission has also found that public support worth GBP 9.7 billion (around € 12.3 billion) to five offshore wind farms is […]
The Rt Hon Margaret Hodge MP, Chair of the Committee of Public Accounts released a statement regarding the Contracts for Difference (CfDs) under the ID-ER scheme. Hodge’s statement follows National Audit Office analysis which highlighted the costs and benefits of DECC’s final investment decision enabling for renewables (FID-ER) process. "The UK faces a big challenge to […]
Companies hoping to win contracts in the GBP 25 billion UK offshore wind farm investment must be innovative and cut their costs to be part of it, over 250 supply chain representatives heard during an event to celebrate Offshore Wind Week held in Lowestoft. Businesses supplying services, products and skills to help meet the target of […]
UK's National Audit Office (NAO) issued a report Early Contracts for Renewable Electricity today. The NAO said that it is not convinced that the Government sufficiently protected consumers’ interests by awarding without competition £16.6 billion worth of early contracts to eight renewable generation projects at risk of investment delay. This decision may provide higher returns to contractors than […]
The UK Government has signed eight contracts awarded under the Final Investment Decision (FID) Enabling for Renewables process, including five contracts for offshore wind projects. In April, the Government revealed eight awarded projects, which include offshore wind farms, coal to biomass conversion plants and dedicated biomass plants with combined heat and power. Together, they represent […]
The UK Government today awarded five offshore wind projects with Financial Investment Decision (FID) enabling contracts. The Government today unveiled eight major renewable electricity projects, which are awarded under the Final Investment Decision (FID) Enabling for Renewables process, allocating the first Contracts for Difference (CfDs) that are being introduced through the Electricity Market Reform programme. […]
At the beginning of this month, the UK's Department of Energy and Climate Change (DECC) published a list of 16 renewable energy projects which achieved the Phase 2 minimum threshold evaluation criteria. All applicants that met the Phase 2 evaluation criteria were sent draft investment contracts on 19 December 2013 and were invited to submit […]
The 448MW Neart Na Gaoithe offshore wind project has passed its 12-month Contracts for Difference (CfD) milestone, Low Carbon Contracts Company (LCCC) said.
SSE has welcomed the UK Government's Contracts for Difference (CfD) budget announcement, however, the company added that setting out strike prices approaching subsidy-free levels was ambitious and that the capacity cap was disappointing.
The 1.5GW Seagreen Phase 1 offshore wind project is entering into May 2019’s Contracts for Difference (CfD) auctions, SSE plc, the owner and developer of the project in Scotland, said.
The UK Department for Business, Energy and Industrial Strategy (BEIS) has issued a draft budget notice amounting to GBP 60 million for the third Contracts for Difference (CfD) round.
The UK government plans to publish its final policy decisions on changes to the Contracts for Difference(CfD) scheme for the third allocation round this month.
The three offshore wind projects selected in the UK's second Contracts for Difference (CfD) allocation round have passed their 12-month milestone requirement, Low Carbon Contracts Company (LCCC) said.
Following the announcement of new Contracts for Difference (CfDs) auctions in the UK, which will add hundreds of new offshore wind turbines, the UK Chamber of Shipping called for a more meticulous approach to planning so disruption to shipping could me minimised.
The UK government plans to set out the parameters of the next year's Contracts for Difference auction later this year, Energy and Clean Growth Minister Claire Perry said.
RenewableUK has welcomed the announcement by the UK government on new Contracts for Difference (CfD) auctions for offshore wind, emphasizing that it means the UK’s offshore wind capacity is set to nearly double over the next decade.
The UK government has committed to opening the Contracts for Difference auctions for offshore wind every two years from 2019 throughout the 2020s.
Seagreen Wind Energy Limited is preparing to bid in the next UK Contracts for Difference (CfD) auction for the Seagreen Alpha and Seagreen Bravo wind farms, which is scheduled for Spring 2019.
The 2017 Contracts for Difference (CfD) will cost UK consumers significantly more relative to the additional capacity secured due to the changes in the auction design which allowed small fuelled-technology projects to raise the strike price of larger projects, National Audit Office (NAO) has found.
The next UK Contracts for Difference (CfD) auction is planned for spring 2019, the UK Government informed today, along with the announcement that up to GBP 557 million will be made available for renewable energy projects as part of the Clean Growth Strategy.
WindEurope has called on the UK and other European governments to provide more clarity to the offshore wind industry after 2020 by committing to ambitious offshore wind deployment targets. The association's call came yesterday, 11 September, following the results of the UK Contracts for Difference (CfD) auction.
After the UK government awarded three offshore wind projects with Contracts for Difference (CfDs), RenewableUK and Offshore Renewable Energy (ORE) Catapult commented on the news, highlighting the major decline in the cost of offshore wind.
DONG Energy has taken a Final Investment Decision for its Hornsea Project Two, following the UK government's allocation of the Contracts for Difference (CfD) and the offshore wind giant winning a CfD for what will become the world's biggest wind farm.
As the UK government is scheduled to announce the winners of the Contracts for Difference (CfD) auction in autumn, projections on the offshore wind prices are emerging, with results of the latest offshore wind tender in Germany setting a benchmark.