11 Sep '17, 8am

Two Scottish renewables projects win contracts amid record-low auction prices

Posted on 11/09/2017 by Rachelle Money Scotland’s renewable energy industry received a welcome boost this morning (Sept 11) with an offshore wind project and biomass combined heat and power plant securing power contracts for a period of 15 years. The Moray East Offshore windfarm, planned for the Moray Firth, has been awarded a contract in the Department for Business, Energy and Industrial Strategy’s second competitive clean power auction at a price substantially lower than previous auction rounds. The project is scheduled to start generating power in 2022/23. The result was one of three UK offshore wind projects to win a Contract for Difference (CfD) in the auction, which together signalled a considerable drop in the cost of the technology –50% since the first auction in February 2015. Grangemouth Renewable Energy Limited also received a CfD for its dedicated biomass with ...

Full article: https://www.scottishrenewables.com/news/two-scot-renewabl...

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