cfd

The 2024 Spring Budget saw the chancellor of the exchequer Jeremy Hunt reveal that the budget for the next Contracts for Difference (CfD) auction will be set at over £1 billion.

Power market analysts LevelTen Energy has published its latest report on the European renewable power purchase agreement (PPA) sectors noting a slight increase for those signed in the UK.

The UK government has outlined several amendments to the contracts for difference (CfD) scheme which could impact solar from AR7.

The government has today (16 November) revealed that the administrative strike price for the latest Contracts for Difference round will be £61/MWh.

Solar Media’s market research team has now completed a week of site identification, matching up all of the awarded Contracts for Difference (CfD) projects within our overall pipeline of about 90GWp-dc of solar farms in the UK (across more than 1,300 sites).

To bolster the UK’s renewable generation capacity, the UK Government has today (3 August) unveiled a £22 million increase in funding for the Contracts for Difference (CfD) scheme, which will include solar.

Renewable energy company Statkraft has signed seven-year power purchase agreement (PPA) contracts with Infinis covering two UK solar farms.

The solar industry has welcomed the UK Department for Energy Security and Net Zero’s (DESNZ) plans to reform its flagship renewable energy generation scheme to reward applicants for including factors other than price.

Solar PV developments could be in jeopardy due to the rising cost of capital which threatens to derail renewable energy projects in the UK, Cornwall Insight has said.

The UK Government has announced a £205 million budget for the fifth Contracts for Difference (CfD) funding round, which is the first auction to run annually and the second in which solar can participate since 2015.