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.
Contracts for Difference (CfD)
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.
The UK and Denmark are widely considered the titans of the offshore wind industry and the third episode of Bigger Faster Better explores the outlook for this low-carbon technology as the global energy transition gathers pace.
The UK Government has said it will increase the frequency of its renewable capacity auctions from biennial to yearly, in a bid to boost investment and jobs.
The UK government is consulting on changes to supply chain plan and Contracts for Difference (CfD) policy in preparation for its fifth auction round.
The ScotWind offshore wind programme has been hailed as an unprecedented boon for Scotland and the UK, providing jobs, cash and infrastructure – but how do government and industry ensure these local benefits are delivered?
The New Year is a time for staying close to home so, in that spirit, I will take a look at some energy-related issues that affect the Western Isles and will come to a head in 2022.
Floating tidal developer Orbital Marine Power says it intends to qualify several projects for the next round of the UK Government’s Contracts for Difference (CfD), following confirmation of ringfenced funding for the sector.
The UK Government has launched its largest ever “Contracts for Difference” renewable energy auction, with £285million per year up for grabs.
The government has announced it will provide £20 million per year in ringfenced tidal stream project support as part of the upcoming Contract for Difference (CfD) round, following pressure from industry and MPs.
A new study finds that tidal stream power could reach 11.5 GW of installed capacity by 2050, but that time is of the essence if this resource is to be realised.
Xlinks has set out plans to export clean electricity from Morocco to the UK, via HVDC subsea cables.
A renewables leader has called on the UK to ‘raise the ambition’ for floating wind during the opening of an industry event in Aberdeen.
Westminster will announce the biggest-ever round of its flagship renewable energy scheme on Monday as it aims to secure “record” renewables capacity.
A potential 8 gigawatts (GW) of onshore wind and solar is eligible to bid in the upcoming Contracts for Difference (CfD) round.
A leading figure behind a major Scottish onshore wind farm says he expects the development to deliver “exceptional” levels of productivity.
There are concerns that changes to the UK Government’s Contracts for Difference (CfD) scheme could hamper future offshore wind investment decisions.
Plans are progressing for the second phase of the world’s largest tidal energy project off the North coast of Scotland.