Dundas Consultants has found that the contracts for difference (CfD) scheme has dished out more than £8 billion in renewables subsidies, with over 80% of projects yet to receive funds.
UK Prime Minister Keir Starmer’s new government is considering increasing subsidies for offshore wind developers in an upcoming auction, part of a bid to remain on track for ambitious clean energy goals.
SSE Renewables’ Berwick Bank wind farm, which is set to create "nearly 5,000 jobs", has not received Scottish government approval ahead of the CfD deadline.
Europe’s largest economy is running a €23 billion ($24.9 billion) experiment to reach net zero by 2045 without destroying its energy-intensive industrial base.
The UK will offer record support for new offshore wind farms in an upcoming auction as the government tries to make up ground after the process failed to draw any bidders for the technology last year.
UK Sustainable Investment and Finance Association report finds failure to implement favourable policies could see UK lose out on £115 billion in investment
There is “quite a lot of scepticism in the developer community” for the UK’s plans around the Contracts for Difference (CfD) auction, a leading firm has warned.
The UK continues to maintain its position as one of the leading and most developed offshore wind markets in the world, with an installed capacity of over 14 gigawatts (GW), and an ambition to secure 50 GW of offshore wind capacity by 2030.
A new survey of the UK's offshore wind supply chain finds a decline in confidence since last year, as inflation and a disappointing CfD round dent expectations.
As we near the end of 2023 with energy transition at the fore of the COP28 conference, it is a good opportunity to reflect on current actions being taken to reach net zero.
The UK Government is consulting on so-called “sustainable industry rewards” for what it hopes to be its “most impactful” Contracts for Difference (CfD) offshore wind round yet.
The crisis engulfing Europe’s wind industry is proving to be a wake-up call: things have to change radically to make progress on what’s a key part of the climate transition.
The UK government is preparing to offer significantly higher subsidies for new offshore wind farms to get the country’s clean-power strategy back on track after developers shunned a previous auction.
Sweden’s Vattenfall may still hold on to a UK wind project that it shelved over the summer, as talks continue with the government to improve conditions for developers.
And so it came to pass …. I was writing here last month when the announcement on the latest Contract for Difference round was imminent and it appeared a distinct possibility that offshore developers would give it the cold shoulder. As indeed they did.
The once-booming UK offshore wind industry faces years of pain, including project delays and possible cancellations, due to soaring costs and higher interest rates.
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?