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UK set to enable onshore wind, solar's participation in CfD auctions

Wind farm in UK. Author: JAK SIE MASZ. License: Creative Commons, Attribution-ShareAlike 2.0 Generic.

March 2 (Renewables Now) - The UK government is expected to soon announce that both onshore wind and solar will be able to compete again in upcoming Contracts for Difference (CfD) auctions, according to industry bodies.

A new round of tenders is set to take place next year and it will be open to both of these technologies, the Solar Trade Association (STA) said in a statement. This will be the first such auction since 2015.

The Guardian reports that the plan was shared with green campaigners this morning and is seen to be announced later in the day by the Department for Business, Energy and Industrial Strategy (BEIS).

“New clean power auctions for Pot 1 technologies will accelerate the decarbonisation of the power sector and drive the shift towards net zero, bringing with it new jobs, cheaper electricity and opportunities closer to home for Britain’s highly experienced solar investors,” said Chris Hewett, STA’s CEO.

“The Government is pressing ahead with action to meet our net zero emissions target quickly and at lowest cost to consumers and businesses. Backing cheap renewables is a clear example of the practical action to tackle climate change that the public is demanding, and this will speed up the transition to a net zero economy. As one of the UK’s cheapest power sources, new onshore wind projects will be a huge boost for jobs and investment in local economies across the UK,” in turn commented Hugh McNeal, the CEO of RenewableUK.

RenewableUK noted that in the absence of CfDs for onshore wind projects, just one new wind park was finalised on land in the UK last year.

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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