Renewables are a ‘no regrets’ solution to power gaps left by nuclear if provided support through the Contracts for Difference (CfD) scheme, according to a new report.
The low carbon and renewables economy posted strong growth in 2017, but onshore wind and solar PV continued to be beset by a retraction of government support.
The government has confirmed plans to hold new Contracts for Difference (CfD) auctions for offshore and remote island wind projects, with the first to be held in May 2019.
EDF Renewables has sold a minority stake in a portfolio of 24 of its UK wind farms for £701 million to pursue more renewable development.
Subsidy-free renewable energy projects are at risk of failing to be viable on the wholesale market owing to ‘price cannibalisation’ during periods of high output, according to a new report by consultancy Cornwall Insight.
EDF Energy Renewables has sold its majority stake in five onshore wind farms to pursue other renewable projects in the UK.
The Liberal Democrats have pledged to financially support cutting-edge grid and storage technologies as part of a comprehensive clean energy plan in its manifesto.