Commenting on the the UK government’s announcement of the opening of the fourth round of the Contracts for Difference (CfD) scheme, Neil McDermott, Low Carbon Contracts Company's Chief Executive, said:
“We’ve been supporting new low-carbon power projects through the CfD scheme since its inception, so we’re incredibly excited to see what the next Allocation Round brings. The current CfD portfolio features projects located across the length and breadth of Great Britain, including some of the world’s largest offshore wind farms to date.
"We’ve seen the scheme’s impact on diversifying and increasing the investment needed to support vital new low-carbon power, and this year’s COP26 only served to underline the critical timing of this round.
"We’ve learned a fantastic amount to date and we stand ready to support the ambitious infrastructure that will power the UK’s transition to Net Zero emissions by 2050, as well as protecting the long-term health of our environment, economies and societies."
For full details of the government's announcement, please see their press release: Biggest ever renewable energy support scheme opens.
For the latest updates and resources on Allocation Round 4, please refer to the dedicated Contracts for Difference Allocation Round 4 (CfD AR4) portal at www.cfdallocationround.uk.