The fourth auction round of the Contracts for Difference (CfD) scheme is to have a £265 million budget, the Department for Business, Energy and Industrial Strategy (BEIS) has said.
The government is today (17 August) publishing its Hydrogen Strategy, detailing its plans to achieve 5GW of low carbon hydrogen production capacity by 2030.
RenewableUK’s new chief executive Dan McGrail is calling for greater ambition in the next round of Contracts for Difference (CfD) auctions.
Drax’s proposed bioenergy with carbon capture and storage (BECCS) plant could cost £31.7 billion in public subsidies according to a new report from Ember.
The next Contracts for Difference auction will begin in December, the Department for Business, Energy and Industrial Strategy (BEIS) has confirmed.
A green pathway detailing measures needed to deliver net zero – focusing largely on renewables targets – has been published by the Association for Renewable Energy and Clean Technology (REA).
Negative pricing extended in CfD rules as clarity on energy storage, renewables integration yet to come
The government has confirmed that it will extend the negative pricing rule for projects bidding in next year’s Contracts for Difference (CfD) auction, but will further consult with the industry on potential amendments for energy storage and system flexibility.
The CBI is calling on the government to accelerate the electric vehicle (EV) and heat pump rollouts and offer greater policy guidance for net zero.
Falling renewables costs and speedy deployment mean that Britain should aim for the technology to meet two thirds of electricity needs by 2030.