CfD Stakeholder Bulletin — 20 September 2019
Summary
Allocation Round 3 awarded CfDs to 12 renewable projects totalling 5.8GW capacity, 2.4GW more than Round 2 in 2017. Projects include offshore wind, advanced conversion technologies, and remote island wind, delivering by 2025. This represents a substantial expansion of subsidised renewable capacity under long-term price guarantees.
Why it matters
The round's success demonstrates the CfD mechanism's effectiveness at securing large-scale renewable deployment through competitive price discovery. As such, this locks in significant long-term subsidy commitments paid by electricity consumers through supplier levies, while reducing wholesale price risk for successful developers.
Key facts
- •12 projects awarded CfDs totalling 5.8GW capacity
- •2.4GW increase from previous Round 2 in 2017
- •Delivery by 2025
- •Technologies: offshore wind, advanced conversion technologies, remote island wind
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 20 September 2019 Allocation Round 3 results announcement On 20 September, the Department for Business, Energy & Industry Strategy announced the results of Contracts for Difference Allocation Round 3. A total of 12 new renewable electricity projects have won CfDs. The auction has delivered nearly 5.8GW of new clean energy to be added to the grid by 2025. This is 2.4GW more capacity than was secured in the last allocation round in 2017 and enough capacity to power around 7.2 million homes. Successful technology types include offshore wind, advanced conversion technologies and remote island wind. The results have been published here on gov.uk. General Data Protection Regulation This stakeholder bulletin is being circulated to people who have opted in to the Contract for Difference stakeholder contact list. We issue these stakeholder bulletins as a convenience to interested parties, however it is not in any way essential to be on this list to participate in major consultations or allocation rounds. Purpose & scope of this list: This list is managed by the Department for Business, Energy and Industrial Strategy (BEIS) (and any successor departments) and will be used to inform interested parties of policy developments relevant to the Contract for Difference scheme for renewable energy projects (and any direct successor schemes). It is not used for any other purposes. To be removed from the circulation list: Please send a blank e-mail with the subject ‘opt out’ (if the receiving e-mail you use is different to the one you send the e-mail from, include that e-mail address in the subject of the e-mail) to . If you have received this indirectly and want to be added to this list: Send a blank e-mail with the subject line ‘opt in’ to BEISContractsForDifference@beis.gov.uk}. You can withdraw your consent to opt in at any time. We will normally keep your address on this list until you: a) withdraw your consent to opt in, b) the scheme closes without any successor, c) we receive reports your email address is no longer operational, or d) you do not respond to a periodic request from us to reconfirm your desire to opt in.