Renewable energy developers will compete for £290m worth of contracts to support the growth of clean energy in Britain, as the second Contracts for Difference auction launches today (3 April). Contracts for Difference are won through a competitive process which drives down energy costs for consumers and guarantees companies a certain price for the low-carbon electricity they produce over 15 years. This gives them the support and certainty they need to attract investment and get projects off the ground. The contracts made available today represent the first part of the Government’s commitment to provide up to £730m of annual support for renewable electricity projects over the course of this parliament. They support a key pillar of the Industrial Strategy by ensuring a cleaner, more flexible energy supply.
BEIS 3rd April 2017 read more »
Africa has huge untapped resources for renewable energy, with the potential for electricity generated from wind and solar to surpass total projected demand in 2030, according to new research.
Carbon Brief 6th April 2017 read more »