contracts for difference

Government announces it will raise maximum price for new offshore wind farms by 66 per cent, as Ministers attempt to avoid repeat of last summer's failed clean energy auction

Separate analyses by Cornwall Insight and Imperial College London warn slower offshore wind rollout signalled by recent CfD auction could increase power prices, carbon emissions and delay net zero

Fears grow UK offshore wind farm development could stall unless government moves swiftly to fix faltering auction regime

But industry joins with offshore wind sector in warning that auctions need to ensure all forms of renewable generation can compete

BusinessGreen rounds up all the top reaction to the results of the government's latest Contracts for Difference auction which failed to attract any bids from offshore wind developers

The Contract for Difference auction's failure to attract any offshore wind bidders highlights how short-term political thinking can hurt progress towards net zero, argues RenewableUK's Ana Musat

CfD auction delivers just 3.7GW of new capacity as offshore wind developers refuse to bid, sparking warnings UK is now badly off track to meet its clean energy goals

Fifth round of the government's Contracts for Difference scheme looks set to have attracted minimal interest from offshore wind developers, as industry continues to wrestle with soaring inflation

Concerns continue to mount that next month's Contracts for Difference auction may fail to deliver on UK ambitions for offshore wind capacity

Funding boost for Allocation Round 5 of the CfD auction scheme aims to help address rising costs for clean energy developers