CfD Stakeholder Bulletin — 12 November 2024
Summary
DESNZ launches the CfD Clean Industry Bonus, which provides additional revenue support to fixed and floating offshore wind projects that invest in more sustainable supply chains. The mechanism operates as an add-on to existing CfD payments, with details available on a dedicated microsite.
Why it matters
This creates a subsidy layer on top of CfD subsidies, rewarding offshore wind developers for supply chain choices rather than pricing carbon or local content directly. The bonus socialises the cost of industrial policy through electricity bills while requiring developers to navigate additional administrative criteria.
Key facts
- •Applies to fixed and floating offshore wind
- •Additional revenue support on top of CfD payments
- •Linked to sustainable supply chain investment
- •Details on dedicated microsite
Timeline
Areas affected
Related programmes
Memo
Contracts for Difference: Stakeholder Bulletin 12 November 2024 Government Launches Clean Industry Bonus The government has today launched the Contracts for Difference (CfD) Clean Industry Bonus (CIB). Fixed and floating offshore wind applicants can obtain extra CfD revenue support if they choose to invest in more sustainable supply chains. More details can be viewed on the microsite. 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 Energy Security and Net Zero (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 ContractsforDifference@energysecurity.gov.uk 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 ContractsforDifference@energysecurity.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.