5.5GW of offshore wind projects pass first major CfD milestone

Low Carbon Contracts Company (LCCC) is delighted to announce that six projects representing 5.5GW of offshore wind capacity have now passed their Milestone Requirement (MR). The MR is the first significant milestone in a CfD project’s journey to becoming operational, as it requires generators to demonstrate their commitment to delivering the project. The projects that have passed their MR are Dogger Bank (A, B and C), Sofia, Seagreen and Forthwind.

The projects were awarded Contracts for Difference (CfD) in the third Allocation Round of the scheme (AR3), as announced in October 2019. They are due to come online in the mid-2020s, and, once operational, will typically generate around 23.9TWh of low-carbon electricity annually – enough to power over 8 million homes.

For full details and comments from Neil McDermott, LCCC’s Chief Executive, please refer to our press release.