CfD

Record contracts for difference (CfDs) auction for UK solar results in more than 90 projects securing fixed-price contracts. It follows intervention from the new UK government in summer 2024 to increase the auction budget. Strike prices achieved for all renewables technologies were well below the auction’s ceiling price.

Romania’s Ministry of Energy has approved a new contracts-for-difference (CfD) mechanism, set to launch later this year. The first round will include 500 MW of solar, with the remaining capacity to be allocated in next year’s tender.

The Spanish utility says the 189 MW Promina project, currently under development, will be Croatia’s largest solar farm upon commissioning in 2027.

The UK government has increased the budget for its sixth Contracts for Difference (CfD) auction by half. Extra allocation includes millions of pounds for technologies such as solar and onshore wind, but offshore wind enjoys the lion’s share of the budget.

Deal sees Statkraft portfolio of solar power purchase agreements (PPAs) rise to 1,425 MW in Great Britain. The company also has multiple gigawatts of contracted flexible capacity on the British grid.

Generator enters agreement on solar plant which is also subject to a virtual corporate PPA and a fixed-price contract secured through the UK government’s Contracts for Difference auction mechanism.

The latest government installation figures reveal a slower start to the year for the United Kingdom, with small-scale installations accounting for the majority of additions. As the UK General Election approaches, there are calls from industry for the next government to act quickly on the issues hindering capacity expansion.

The European Parliament has adopted electricity market reforms aimed at making the European Union’s electricity market more stable, affordable, and sustainable. The reforms include a focus on two-way contracts for difference (CfD), a mechanism to declare electricity price crises, and protections for consumers against volatile prices.

Romania has set a ceiling price of €91 ($99.33)/MWh for solar energy in its first renewables auction. A legal analyst tells pv magazine that this strike price is a good level for the nation’s first contract-for-difference (CfD) auction, but warns that certain aspects of the draft legislation could significantly affect the bankability of the scheme.

Electricity market liberalization and private sector development of solar and energy storage in Cyprus continue to be delayed. pv magazine’s Ilias Tsagas looks at why independent power producers are frustrated by electricity curtailment and a lack of market reform.