Contracts for Difference

Around 6GW of projects have been awarded contracts, with offshore wind projects set to be delivered for as low as £39.65/MWh

It has launched judicial review proceedings against what it says is the government’s discrimination of onshore wind in favour of offshore wind in its CfD auctions

The process is expected to be delayed following the legal challenge from an unnamed complainant

The Low Carbon Contracts Company and the Electricity Settlements Company were established to help deliver the Contracts for Difference and the Capacity Market schemes

Projects will compete for a total capacity of 6GW for delivery years 2023/24 and 2024/25

It is planned to be opened by May 2019

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 […]