contracts for difference

The government has raised the administrative strike price for offshore wind by 66% for the next Contracts for Difference (CfD) round.

New forecasting conducted by Cornwall Insight has revealed that the UK is likely to miss its 50GW offshore wind by 2030 ambition.

K2 Management's Will Sheard discusses how the disappointing AR5 result for offshore wind should be a learning curve for future CfD rounds.

The flagship renewable power auction, known as Contracts for Difference, has published the results of its Auction Round 5 (AR5), revealing that just 3.7GW of projects have been awarded funding.

The Energy and Climate Intelligence Unit (ECIU) has revealed that the treasury red tape could cost UK consumers £1.5 billion a year.

Sarah Keay-Bright presents National Grid ESO concerns over the current structure of the CfD scheme.

Trade association Energy UK has said that the upcoming Contracts for Difference (CfD) auction will fall short of delivering the required expansion of offshore wind to hit the government’s 2030 target.

According to recently-published data from the Department of Energy Security & Net Zero (DESNZ), wind power produced a “record high” share of the UK’s energy between October and December 2022 at 24.6%.

The fifth allocation round (AR5) of the Contracts for Difference (CfD) scheme has opened for applications.

Cornwall Insight has stated that the rising cost of capital threatens to derail the expansion of renewable energy projects such as onshore wind and solar PV.