LCCC is delighted to announce that the first of its CFD projects is now generating electricity and the first CFD Generator payment has been made through the electricity settlement system to Lightsource SPV136 Limited for the Charity Farm Project. For the full release, please see here.
Press Releases / Announcements
Lightsource Renewable Energy have announced that the Charity Farm CFD Project has started low carbon electricity generation.
Charity Farm is a Solar Photovoltaic installation made up of 54,349 solar modules situated in Shropshire, and has an installed capacity of 11.94MW.
Further information can be found on the Lightsource website.
Wheelabrator Technologies today reached financial close on a new 550,000 tonnes per year EfW Facility (the Wheelabrator Kemsley facility, also known as the ‘K3 CHP plant) which will be located at Kemsley Mill in Sittingbourne, Kent.
In February 2015, Wheelabrator was successfully awarded a 15-year Contract for Difference for the K3 CHP facility.
The CFD is for an installed capacity of 45.00MW at a strike price of 84.23£/MWh, with the project’s Target Commissioning Date set out in the CFD register as 15/12/2018
Further information can be found in the Wheelabrator Technologies press release.
The Intermittent Market Reference Price is calculated by EMRS, on behalf of the Low Carbon Contracts Company, in its capacity as the Settlement Agent. The latest IMRP can be found here.
We can now confirm the Interim Levy Rate for the Quarterly Obligation Period, to run from 1 July 2017 to 30 September 2017. This will be set at £1.552/MWh and the Total Reserve Amount at £34,316,588.50
In arriving at its decision on the Interim Levy Rate and Total Reserve Amount, LCCC has considered the potential amount of CFD payments likely to be required to be made to CFD Generators under the existing CFDs and Investment Contracts.
1 July 2017 to 30 September 2017
Total Reserve Amount
Interim Levy Rate
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.