CfDs
The wind farms, which will have a total capacity of 149.4MW, were awarded individual 15-year Contracts for Differences under auctions held in 2018 and 2019
Levies, including the feed-in tariff and Contracts for Difference will reportedly move from customers’ electric to gas bills
Offshore wind will be backed by £200 million with an additional £24 million allocated to floating offshore wind projects
This year’s Contract for Difference (CfD) auction includes a capacity cap of 6GW for low carbon power
The business and energy secretary believes cheap power ‘is now green power’
The government awarded 11 Contracts for Difference worth up to £176 million annually in last year’s auction
The Welsh Government is urging the UK Government to enable onshore wind and solar technologies to compete in the renewable energy auctions. The Contracts for Difference (CfDs) scheme currently provides subsidies for technologies including offshore wind, marine energy and biomass. It excludes support for onshore wind and solar, which the Welsh Government believes could potentially […]
Renewable energy project developers have been dealt a huge blow as the government said there will be no new subsidies until 2025. The budget for support schemes, such as Contracts for Difference (CfDs), has so far been set through the Levy Control Framework (LCF) and since the Spring Budget announcement to end the LCF, the […]
The competition watchdog is calling on the UK Government to change the process for awarding clean energy contracts. In its provisional findings following a long-standing investigation into the energy market, the Competition and Markets Authority (CMA) has highlighted a number of failings within the Contracts for Difference (CfD) scheme. Under the CfDs, renewable developers are […]
The UK Government has increased the budget for low carbon projects that will be supported under the Contracts for Difference (CfD) scheme. Projects will now compete for £325 million – a £25 million rise, which follows “high levels of demand” for the contracts, DECC said. The extra funding will boost the amount available for “less […]