CFD
The UK Government has increased the maximum prices available for offshore wind projects by 66% in the next Contracts for Difference auction
A new report has found that the UK and Italy have paid the highest gas spot prices during the period of energy crisis
With the new windfall tax, project development risks increase “significantly”, says a solar trade association
Turbine blades, towers and nacelles, which house the turbine generators, will be pre-assembled at the port’s renewables hub for the 1.1GW Inch Cape wind farm
Costs have been estimated to range between £25bn and £26bn and the nuclear plant in Somerset is expected to start operating a year later than planned – now in June 2027
The Business Secretary said the change in the frequency will boost renewable energy generation
Around £39 million is to be returned in the first quarter of 2022
The aid will be granted in the form of a two-way Contract for Difference premium
The first three months of 2021 saw operational capacity under the CfD scheme rise to 5.6GW
It intends to double the capacity of renewable energy and expand the number of technologies supported when the fourth round opens in late 2021