contracts for difference

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

Following a tumultuous 2022, the Government’s new Energy Security Plan was a hugely welcome ray of sunshine for the solar industry. Solar Energy UK’s senior communications adviser Gareth Simkins reflects on the transformation of attitudes in Downing Street.

The Contracts for Difference (CfD) auction is now open for applications, with a £205 million budget available to support renewable energy projects.

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 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.

Low Carbon Contracts Company (LCCC) have now received all of the 99 signed contacts from July’s Contracts for Difference (CfD) auction, as projects start eying their first contractual milestones.

Solar Media’s head of market research Finlay Colville takes a look at last weeks CfD auction winners and how the projects are spread out around Britain.

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.