On 27 March, the UK Authorities opened the sixth allocation spherical (AR6) of the Contracts for Distinction (CfD) scheme which is able to proceed till 19 April 2024. The spherical will see a spread of renewable applied sciences, together with offshore wind compete for the federal government’s assist.
Functions could also be submitted by way of Nationwide Grid ESO’s EMR Portal. The outcomes are anticipated to be printed sooner or later this summer time.
The UK’s fifth CfD spherical closed in September final yr and noticed the UK authorities awarding 3.7 GW of renewable power initiatives, nevertheless, none of these had been offshore wind farms as offshore wind builders positioned no bids.
Spherical 5 comprised two public sale Pots: Pot 1 for established renewable power applied sciences, together with fixed-bottom offshore wind, and Pot 2 for much less established applied sciences, together with floating offshore wind.
In November 2023, the federal government introduced that it elevated the utmost strike value for offshore wind initiatives within the subsequent CfD public sale by 66 per cent for fixed-bottom and by 52 per cent for floating wind initiatives.
AR6 has the biggest funds of any CfD spherical but and includes a spread of renewable applied sciences, together with offshore wind, photo voltaic, onshore wind, and tidal stream, competing for assist throughout three separate public sale pots, with the lowest-priced bids being profitable.
The vast majority of the funds (roughly EUR 1.2 billion) is earmarked for offshore wind, GBP 800 million (about EUR 934 million).
In February, Iberdrola unveiled that the corporate is getting the East Anglia One North and East Anglia Two offshore wind initiatives prepared for the AR6.
The 800 MW East Anglia One North and the 900 MW East Anglia Two, proposed to be constructed greater than 30 kilometres off the coast of Suffolk, obtained improvement consent in March 2022.
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