Low Carbon Contracts Company’s Chief Executive, Neil McDermott, has today published a comment in response to the government’s announcement on investment in UK offshore wind and the next CfD allocation round.
Commenting on the first stage of the Prime Minister’s ten-point plan for a green industrial revolution, Neil McDermott, LCCC Chief Executive, said:
“The Prime Minister’s comments today are tremendously exciting for the UK’s offshore wind sector. Offshore wind has been one of the biggest success stories since the Contracts for Difference (CfD) scheme was launched in 2014 – we’re currently managing 40 contracts at 16 separate projects in the UK, representing 13GW out of a total CfD pipeline capacity of 19GW. Offshore wind CfD projects that have been built so far generated over 8 TWh in 2019 – enough electricity to power over 2 million households.
“We stand ready to support even more new projects through Allocation Round 4 next year, which will power the transition to Net Zero emissions by 2050 whilst benefitting consumers and communities around the UK.”
For more details on the government's announcement, please see their press release: New plans to make UK world leader in green energy.