Contracts for Difference – renewable energy support scheme opens

The UK government’s flagship renewable energy support scheme is now open to applications, with £285 million available a year for building the next generation of Great Britain’s green energy projects.

Renewable energy projects across Great Britain can now bid for funding in the fourth round of the Contracts for Difference (CfD) scheme, which is aiming to secure 12GW of electricity capacity – more renewable capacity than the previous 3 rounds combined. The additional offshore wind capacity resulting from the funding alone could generate enough electricity to power around 8 million homes.

Compared to the previous round, this is open to an expanded number of renewable energy technologies, with offshore wind, onshore wind, solar, tidal and floating offshore wind projects, amongst others – all eligible to bid for funding in the scheme’s auction process. 

The CfD fourth allocation round will close to applications on 14 January 2022.

For further information visit Gov.UK

Source: Business Wales News


Posted on: Monday 20th December 2021