CfD Stakeholder Bulletin — 3 April 2017
Summary
The second CfD allocation round opens with a £290m budget for delivery years 2021/22 and 2022/23, with applications closing 21 April 2017. This provides 18 days for eligible renewable projects to submit competitive bids through National Grid's allocation process.
Why it matters
This allocation round directly determines which renewable projects receive long-term price support and can proceed to construction. The tight 18-day window favours developers with ready projects over those needing time to prepare bids, as such creating a first-mover advantage in the competitive process.
Key facts
- •£290m budget available
- •Delivery years 2021/22 and 2022/23
- •Application window: 3-21 April 2017
- •18-day application period
Timeline
Areas affected
Related programmes
Memo
Stakeholder Bulletin issued by the Department for Business, Energy & Industrial Strategy 3 April 2017 Dear Stakeholder, Today we can announce that National Grid have opened the application window for the second Contracts for Difference allocation round. Eligible projects will compete for an available budget of £290m for delivery years 2021/22 and 2022/23.The window will close at 5pm on 21 April. This is the link to the Press Notice - https://www.gov.uk/government/news/290- million-boost-for-clean-energy-in-britain More detail in relation to the application process can be found on the National Grid website: https://www.emrdeliverybody.com/cfd/home.aspx Kind regards, BEIS Contract for Difference Team