UK offshore wind trio of 3.2 GW passes 12-month CfD milestone

Offshore wind farm in British waters. Author: Beverley Goodwin. License: Creative Commons, Attribution-ShareAlike 2.0 Generic

October 22 (Renewables Now) - Five renewable energy projects, representing 95% of the capacity awarded in the UK government's second Contracts for Difference (CfD) auction, have passed their 12-month milestones, Low Carbon Contracts Company (LCCC), the CfD counterparty, said on Friday.

The five projects include the three offshore wind schemes -- the 860-MW Triton Knoll, 950-MW Moray East and 1,386-MW Hornsea Project 2 -- that were successful in the auction, as well as the 10.2-MW IPIF Fort Industrial REC advanced conversion technology project and the 0.64-MW Rebellion Biomass LLP dedicated biomass with combined heat and power (CHP) project.

The 85-MW Grangemouth Renewable Energy Plant dedicated biomass with CHP and the 0.05-MW Station Yard advanced conversion technology projects have failed to make sufficient progress and have been terminated, LCCC said.

Another three projects remain in the process, with some time for review by LCCC. These are all advanced conversion technology projects -- the 15-MW Drakelow Renewable Energy Centre, the 25.5-MW Northacre Renewable Energy Centre and 5.56-MW Blackbridge TGS 1 Ltd projects.

The eleventh project that was selected in the round -- the 8-MW Redruth EfW development -- did not sign a CfD after the results of the competition were announced last year.

To meet the 12-month milestone, projects should either incur actual spend of 10% of the expected development and construction costs, or evidence project commitments such as having financing and contracts for the material equipment in place.

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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