Energy UK: forthcoming CfD auction might blow off course

Rising costs and other challenges facing developers of clean energy projects means it is likely the auction will actually bring forward even less capacity than the maximum possible.

Official Press Release Energy UK:

Offshore wind target could be blown off course

Wind Industry Profile of
Offshore wind target could be blown off course

Energy UK has warned that the forthcoming Contracts for Difference (CfD) auction will fall well short of delivering the expansion of offshore wind needed to hit the Government’s 2030 50GW target.

The CfD scheme has played a vital role in the UK’s world-leading expansion of clean energy, in particular offshore wind, driving down costs for customers while providing necessary certainty for investors in these long-term projects. The Government has set a target for 50GW of offshore wind capacity by 2030 – at present there is around 27GW in operation or in receipt of a CfD contract. As future offshore wind developments will almost exclusively... ... More: Official Press Release Energy UK

Energy UK, offshore, policy, government, CfD, auction, wind farm, capacity, GW, development, achievement, record, MW

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