Contracts for Difference

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

The government awarded 11 Contracts for Difference worth up to £176 million annually in last year’s auction

The £730 million allocated for Contracts for Difference (CfD) auctions will leave an emissions reduction gap of up to 70TWh. That’s according to the Committee on Climate Change (CCC), which has said the government need to contract this volume of low carbon power beyond existing funding to avoid missing its 2030 target of cutting emissions […]

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 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 […]

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 […]

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 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 […]