cfd

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.

During the first six months of 2022, the UK posted 80% growth in new solar PV installations compared to the same period last year, with 556MW of capacity installed. Solar Media’s head of market research Finlay Colville explains the factors driving this growth and what can be expected for the rest of 2022 and into 2023.

Solar has secured more than 2.2GW at a price of £45.99/MWh in the latest Contracts for Difference (CfD) auction.

Bluefield Solar Income Fund (BSIF) has seen its underlying earnings rise to £21.4 million as high power prices, investments into battery storage – with two-hour durations a possibility – and lower than expected irradiation all shaping H2 2021.

From 2023, Contracts for Difference (CfD) auctions will be held annually the government has announced.

With wholesale prices currently above the Contracts for Difference (CfD) strike price alongside lowered levy rates, electricity suppliers are to receive reconciliation payments for their CfD contributions for the first time.

Foresight Solar’s head of UK solar Ricardo Pineiro chatted with Solar Power Portal just before Christmas to reflect on the solar sector’s growth over the past year, and the key trends that are continuing into 2022.

The fourth Contracts for Difference (CfD) auction has now opened, with solar able to take part for the first time since 2015.