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project finance
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Low carbon generation
Cornwall Insight’s CfD floor price proposal gains traction as STA calls for government to adapt policy
The STA issued an updated cost assessment of PV on Tuesday 11 December and also called on BEIS to introduce a technology-neutral floor-price Contract for Difference to help renewables investment come forward in a subsidy free environment. The CfD floor price structure is a proposal we developed in early summer, and we...
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Low carbon generation
The case for a floor price CfD
There is much interest across the sector at the moment that ‘subsidy-free’ investment could call forward significant renewable generation capacity. We have previously cautioned that the outlook for wholesale power prices challenges these assertions. Our Wholesale Power Price Cannibalisation paper detailed how the value earned from wholesale power is going to become...
