CFD

The UK Government has set out new plans to allow remote island wind projects to take part in the Contracts for Difference (CfD) auction. BEIS said wind projects on remote islands – such as Western Isles, Orkney and Shetland – have “great potential” due to the strong winds. However, they also face higher costs due […]

The UK Government has announced funding worth up to £557 million for renewable energy auctions, with the next one planned for spring 2019. It will be made available to less established technologies, including offshore wind, anaerobic digestion, biomass with combined heat and power as well as wave, tidal and geothermal. The latest Contracts for Difference […]

DONG Energy has been awarded a contract to create the world’s biggest offshore wind farm. The Hornsea Project Two has been guaranteed a strike price of £57.50/MWh under the Contracts for Difference (CfD) scheme – 50% lower than the previous round two years ago. Under the CfD scheme, renewable generators bid for the contracts and […]

  Guaranteed prices for new offshore wind projects are lower than new nuclear power plants for the first time in the UK. A total of 11 energy projects, worth up to £176 million per year, have been successful in the latest Contracts for Difference (CfD) scheme. New offshore wind projects – Hornsea II and Moray […]

The government yesterday confirmed the snap general election announced by Prime Minister Theresa May won’t affect the planned green energy auction. The Contracts for Difference (CfD), which is currently open for bids until Friday, is offering £290 million in contracts for delivery in 2021/22 and 2022/23. BEIS said: “As CfD statutory notices are now law […]

Renewable energy developers have started competing for £290 million worth of contracts. It is the second Contracts for Difference (CfD) auction, which supports renewable technologies and guarantees developers a certain price for the low carbon electricity they produce over 15 years. It represents the first part of the government’s commitment to provide up to £730 […]

The UK Government has announced heavy electricity users such as steel, glass and cement companies will be exempted from some of the costs associated with green energy policies. That’s expected to help 130 eligible businesses save around £100 million a year. The new rules cover the Contracts for Difference (CfD) scheme – designed to encourage […]

The UK Government has set a strike price of £140/MWh for geothermal projects with or without combined heat and power (CHP). It follows a consultation launched last year when the government outlined plans for £580 million of funding for the Contracts for Difference (CfD) scheme. Under the auction, low carbon generators are incentivised for the […]

The UK Government has set out further details for the next Contracts for Difference (CfD) auction. Under the scheme, companies will compete for an initial £290 million worth of contracts for renewable energy projects and be incentivised for the power they produce. The application process for the CfD allocation round will open on 3rd April. […]

Businesses can now register their interest for the second Contracts for Difference (CfD) auction. The pre-application activity is for businesses that wish to apply for a CfD and will need to complete and submit a registration form, preferably before the application window opens. They can register via the Electricity Market Reform (EMR) Delivery Body website. […]