27 Feb '15, 4pm

UK Low-Carbon Contract Winners Revealed: Wind Scores, Solar Disappoints

The first round of the Contracts for Difference (CfD) programme — the UK scheme that is designed to support low-carbon generation and a capacity margin in the energy sector — has concluded. Contracts were offered to 27 renewable electricity projects with a total value of some £315 million (US$500 million), which include two offshore wind farms with a total planned capacity of more than 1.1 GW, 15 onshore wind projects and five solar projects. In total, more 2 GW of new low-carbon capacity (including renewables, nuclear and carbon capture and storage) could be built under the CfD scheme. According to the government, this CfD scheme will cost £110 million ($170 million) per year less than would have without the program. And as a result of the scheme, consumers are getting around 550 MW more capacity than could have been funded without competition. “The auction has driven dow...

Full article: http://www.renewableenergyworld.com/rea/news/article/2015...

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