Low Carbon Contracts Company are pleased to announce that the Offshore wind projects achieved CfD milestones has been published today 30 April 2020.
Press Releases / Announcements
Low Carbon Contracts Company are delighted to announce that a number of the Contracts for Difference have passed their Milestone Requirement, ahead of their Milestone Delivery Date. This announcement follows on from the previous notice that four of the CFD projects had already fulfilled their Milestone Requirement. The full press release can be found here.
Low Carbon Contracts Company is delighted to announce that a number of the Contracts for Difference have passed their Milestone Requirement ahead of their required dates. This includes Achlachan Wind Farm, Enviroparks Hirwaun Generation Site, Common Barn Wind Farm and Moor House Wind Farm. For the full release, please see here
Interim Levy Rate and Total Reserve Amount set to zero for Third Quarter Levy Period
In March 2015 LCCC announced its determination of the Interim Levy Rate (IR) and Total Reserve Amount (TRA) for the quarter running from 1 July 2015 to 30 September 2015. Both rates were set to zero for Suppliers based upon information which indicated that there would be no CFD payments due in respect of that period.
We can now confirm that both these rates for the Third Quarter Levy Period, to run from 1 October 2015 to 31 December 2015 inclusive, will also be set to zero. In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the likelihood of any CFD payments needing to be made to any of the CFD Generators from either the first allocation round or for any of the Investment Contracts.
The Low Carbon Contracts Company (LCCC) can confirm that Dudgeon Offshore Wind Limited successfully has passed a significant contractual milestone. The milestone requires substantial commitment to investment in the project and is a necessary requirement to ensure it can deliver low carbon electricity for the UK.
For a copy of the release, please see here
Low Carbon Contracts Company congratulates DONG Energy on reaching a key milestone. Please see the DONG Energy release: Burbo Bank Extension Offshore Wind Farm on track as it meets key milestone