A washout of offshore wind in the latest Contract for Difference round is a wake-up call to government – but can issues be fixed to ensure Scotwind projects don’t founder?
Contracts for Difference (CfD)
Why did the auction flop? And what needs to change?
Was the government’s recent auction a “record-breaking” success for renewables or a total wipeout?
“By capping the price the sector could bid at too low, government set it at a level that made it impossible for investors to meet their costs."
A lack of offshore wind bids for the AR5 CfD auction would be the "biggest failure" in UK green energy since 2015, industry figures have said.
There have been no bids for new offshore wind farms in the government’s CfD auction this week, according to a news report.
The UK’s annual renewable energy auction may not include offshore wind for the first time since the system for awarding subsidies began.
Energy sector representatives have written to the government warning that a focus on price alone in procuring new renewables capacity risks a “race to the bottom”.
Profits from Equinor’s (OSLO: EQNR) Hywind Scotland scheme surged last year as legacy renewables projects unintentionally gained from Europe’s gas crisis.
The UK government has set out a reform to its contracts for difference scheme as it hopes will drive investment in the country’s renwables sector.
The UK government has confirmed the overall budget for the next contracts for difference (CfD) auction, with support worth £205m up for grabs.
Despite patchy political and policy support for renewables over the last decade, the UK’s Contracts for Difference (CfD) system has been a resounding success.
The European Commission has approved French plans to offer more than €2 billion in support for a new floating wind farm off Brittany.
Political chaos has derailed plans to power the UK grid with a huge buildout of solar and wind power in Morocco, as its developers struggle to secure backing from government.
Legal experts have warned that the UK’s push for net zero and greater energy security may be undermined as thousands of renewables projects are stuck in a protracted planning and consenting process.
An offshore wind expert has labelled the UK Government’s new electricity generators windfall tax a “penalty” on early entrants into the renewables market.
The UK government is set to meet with some of the country’s biggest power producers to push through a measure that would cap wholesale electricity prices starting this winter.
British energy consumers could save £26 billion ($30 billion) over the next two years, nearly £950 per household, through a government plan to cap profits of existing wind and solar farms in exchange for long-term price certainty.
In 2014, when involved in developing Aberdeen Renewable Energy Group’s roughly 100MW Aberdeen Bay Windfarm plan, I and other members of the team were offered a briefing on a new way of bidding projects designed to drive down prices.
The rising costs and security issues of fossil-based fuels combined with global aspirations to address climate change, are driving the development of wind and solar energy.
The UK government has launched a “transformational” review into the nation’s electricity market, which could see sweeping reforms to electricity pricing, procurement and storage.
Developers secured support for nearly 7GW of offshore wind projects as part of the latest Contracts for Difference (CfD) auction, 1.4GW of which will be built in Scottish waters.
Developers secured support for more than 35 megawatts (MW) of new Scottish tidal stream capacity in the latest Contracts for Difference (CfD) auction, in a move hailed as transformative for the sector.
Nearly 1.6GW of Scottish onshore wind and solar projects will receive backing under the latest clean energy procurement round, marking a promising return for the cheapest forms of new energy generation.
The UK’s Department for Business, Energy and Industrial Strategy (BEIS) has announced the results of the fourth contracts for difference (CfD) round, with a record 11 gigawatts of consented capacity set to secure backing.