UK ramps up Contracts for Difference auctions schedule

Image: PixabayImage: Pixabay
The announcement will see the frequency of auctions for funding through the Contracts for Difference (CfD) scheme change to every year rather than every 2 years.

Official Press Release UK Government: BEIS:

Government hits accelerator on low-cost renewable power

Contracts for Difference auctions to be held annually, speeding up UK adoption of renewable power and boosting energy security.

deployment of low-cost renewable electricity to be accelerated through the government’s flagship auction scheme the next Contracts for Difference (CfD) round will open in March 2023 and be the first in a series of annual auctions CfD supports new low carbon electricity projects by awarding contracts through a competitive auction process, backing domestic energy production The rollout of low-cost renewable energy in the UK will be accelerated as the government ramps up auctions for its flagship renewables scheme to boost investment and jobs. The announcement will see the frequency of... ... More: Official Press Release UK Government: BEIS

UK, government, BEIS, offshore, CfD, auction, renewable energy, wind, GW, supply chain, Contracts for Difference

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