The government has said it aims to procure up to 12GW of new clean power capacity from a raft of renewable energy technologies in next year’s Contract for Difference (CfD) auction, as it today set out further details for the next round of the UK’s flagship low carbon energy subsidy scheme. Scheduled to open in late 2021, the fourth CfD auction round aims to secure double the 5.8GW renewable electricity capacity procured in the previous round in 2019, with the government predicting projects supported by the clean power contracts could secure enough capacity to power 20 million electric cars on the UK’s roads each year.
Business Green 24th Nov 2020 read more »
UK ministers plan to double the amount of renewable energy capacity they secure through a flagship auction process next year as part of Boris Johnson’s plan for a “green industrial revolution”. Up to 12 gigawatts of capacity — which ministers claim would be enough to sustain 20m electric cars in a year.
FT 24th Nov 2020 read more »
Montel 24th Nov 2020 read more »
Energy Voice 24th Nov 2020 read more »
The government plans to double the amount of renewable energy it will subsidise next year after agreeing to include onshore wind and solar power projects for the first time since 2015. Energy companies will compete for subsidy contracts in a competitive auction to be held at the end of 2021, which could support up to 12GW of renewable energy, or enough clean electricity to charge up to 20m electric vehicles a year. The government expects the auction to be almost double the size of the last 5.8GW auction held in September 2019, in which offshore wind costs tumbled by a third to record lows, and believes it may deliver lower costs too. The next round will include three separate auctions for different renewable energy technologies to compete for a contract which guarantees a price for the clean electricity they generate. There will be one “pot” for offshore wind projects and another for less-established technologies including floating offshore windfarms, energy-from-waste plants and tidal stream projects. The third pot will allow onshore wind and solar farms to compete for a support contract for the first time in six years after the government agreed to drop its opposition to the projects earlier this year.
Guardian 24th Nov 2020 read more »