cfd

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.

The Department of Business, Energy and Industrial Strategy (BEIS) has launched a consultation into key changes to the Contracts for Difference (CfD) scheme.

The solar sector has criticised the introduction of a windfall tax on electricity generators, which it has warned could have a ‘perverse’ impact on the sector.

The solar sector has thrown its weight behind plans to lower energy bills by offering fixed price contracts to active renewable energy generators.