The UK government has extended the consultation period for sharing opinions regarding the planned changes for the Contracts for Difference UK (CFD) scheme by a week. This is due to the COVID-19 pandemic.
The Department of Business, Energy and Industrial Strategy (BEIS) initiated the process in March. The aim was to gather input on the proposed changes that would potentially allow onshore wind and solar photovoltaic (PV) projects to compete in the next tender round, together with offshore wind. The revamped structure foresees two groups: established and less-established technologies – with remote island wind sitting in the latter.
Interested parties will have until 29th May to express their thoughts on the matter. The forthcoming allocation, as part of the fourth round of CfD, is expected to open in 2021 and will be the first such auction since 2015.
The proposed changes for Contracts for Difference UK are planned to be undertaken as a way of supporting the country’s goal for achieving net-zero emissions by 2050. Cornwall Insight recently revealed that the combined volume of projects that could be eligible to partake in the Round 4 competition stands at 13GW. 5.5GW of this will be onshore wind and solar.
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