cfd

Modelling by ICIS analytics suggests that the government’s budget for offshore wind is still too low to meet its 2030 target to quadruple capacity.

The UK government has announced that the budget for this year’s Contracts for Difference (CfD) Allocation Round 6 (AR6) will be increased by over 50%, sending shockwaves across the energy industry.

The sixth auction round (AR6) for the Contracts for Difference (CfD) scheme will have a budget of £1.5 billion after Ed Miliband announced a £500 million increase.

Statkraft and Boralex have signed a Power Purchase Agreement (PPA) for the Limekiln wind farm, Borlaex's first UK PPA.

A new report from energy and climate think tank Ember has warned that the UK’s offshore wind industry is at serious risk of missing 2030 capacity targets if urgent action isn’t taken.

Solar Energy UK has called on the newly elected Labour government to publish an “ambitious” Solar Roadmap and increase the CfD allocation.

Industry group Marine Energy Council (MEC) announced 13 new Lead Partners to support its ambition to make the UK "the world leader in tidal stream and wave energy."

The UK has surpassed the 15GW onshore wind capacity milestone, revealed RenewableUK, with 15.002GW across 2,631 projects.

Members of the energy industry have described this year's Spring Budget as a "missed opportunity" for funding net zero.

Chancellor of the exchequer Jeremy Hunt confirmed that the Energy Profit Levy (EPL) will be extended to 2029 in this year's Spring Budget shortly before the budget for auction round 6 (AR6) of Contracts for Difference (CfD) scheme budget was set at over £1 billion.