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CfD

CfD auctions must break records to hit UK solar targets, says Aurora Energy Research

Big results needed in next two contracts for difference (CfD) allocation rounds to hit UK renewables targets, according to Aurora Energy Research. Solar likely to benefit from greater CfD budgets as government targets faster deployment, Marc Hedin, head of research for UK and Ireland, tells pv magazine.

UK commits to hydrogen-to-power subsidy mechanism

The UK government announced a new business model for hydrogen, based on dispatchable power agreements available to carbon capture technologies.

UK’s largest PPA to date signed for 373 MW solar park

Quinbrook Infrastructure Partners announces two long-term agreements covering 100% of solar power generation at Cleve Hill Solar Park. British supermarket retailer Tesco has signed a 15-year agreement covering 65% of generation and Shell will manage remaining capacity under 10-year route-to-market deal.

UK allocates more than 3 GW of solar through CfD auction

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 gives green light to CfD scheme

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.

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Acciona Energía wins 12-year CfD for 189 MW in Croatia

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

UK government earmarks GBP1.5 billion for contracts for difference pot

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.

Statkraft signs PPA for 80 MW solar plant, with storage in pipeline

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.

Statkraft signs ‘first-of-a-kind’ PPA with UK developer Luminous Energy

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.

United Kingdom closes in on 16 GW installed solar capacity

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.

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