The fourth round of the Contracts for Difference (CfD) scheme which aims to secure 12GW of electricity capacity opens with £285 million a year funding for low-carbon technology.
- Biggest ever round of government’s flagship renewable energy auction scheme opens with £285 million a year funding for low-carbon technology moving the UK away from volatile foreign fossil fuels
- fourth round aims to secure more capacity than 3 previous rounds combined with additional offshore wind capacity that could generate electricity equivalent to powering around 8 million homes
- offshore wind will be supported by £200 million funding a year, with £24 million initially allocated for floating offshore wind and £20 million on tidal stream projects – with solar and onshore wind included for first time since 2015
The biggest ever round of the UK government’s flagship renewable energy support scheme is opening to applications today (Monday, 13 December), with £285 million available a year for building the next generation of Great Britain’s green energy projects.Read full press release