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Auction
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Press Releases
Government’s renewable targets at risk as auction sees no bids for offshore wind
The government has today unveiled the results of its fifth Contracts for Difference (CfD) auction (AR5), securing 3.7GW of renewable capacity. This is a marked reduction from last year’s secured capacity of 11GW, with government renewables targets potentially at risk. The auction, which saw developers able to bid on a...
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Media Mentions
City AM| Price of wind power
Senior Consultant Alex Asher warned that the fifth allocation round of the Contract for Difference scheme could see the cost of wind power generation rise, as geopolitical concerns and inflation drive up capital, which could lead to higher auction prices. City AM
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Press Releases
Renewables developers forced to raise project bids to protect themselves against financial risks
Cornwall Insight and Wind Energy Ireland analysis has found that renewable developers in Ireland are being forced to place auction bids for projects which significantly exceed many other European countries, in order to protect themselves against several financial risks. In turn increasing consumer bills and potentially impacting the scale of...
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Media Mentions
Smart Energy International| Applications for the government’s CFD auction
As the applications for the government’s largest-ever Contracts for Difference auction closed, Tim Dixon, Lead Analyst, spoke to Smart Energy International on why developers were considering alternative options. A more inclusive funding round from the government has also come with high levels of competition, likely to push down bids. Newly...
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Media Mentions
Insight Energy | 17GW potential for CfD AR4
Our 'Renewable Pipeline Tracker service' which examined the potential capacity that could enter the Contract for Difference Allocation Round 4 was featured in Insight Energy today. Recent announcements by BEIS have confirmed the CfD AR4 auction will take place in 'late 2021' and will look to procure up to double the ~6GW seen...
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Press Releases
Capacity Market in oversupply but predicted to balance out by mid-2020s
Earlier this month, Secretary of State for Business, Energy and Industrial Strategy Greg Clark wrote to the Delivery Body to update the target procurement volumes to 2.7GW, from the 4.6GW initially recommended in 2018, for the replacement T-1 2019-20 capacity auction that is due to be held in June. This...
