CFD

It would export renewable power to the national grid

They will be held every two years from 2019, with £557m being awarded to developers

Wind farms with a capacity of 5MW and more will be able to take part in the upcoming Contracts for Difference auction

First Minister Carwyn Jones said the project can only proceed if the UK Government commits to an “appropriate” contract for difference arrangement

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 […]