The €400 million, three-year scheme will guarantee price stability for developers while limiting costs to the Danish treasury and applies to on and offshore wind, wave power and hydro, as well as solar.
The success of unsubsidized clean power facilities in the country – whether driven by corporate power purchase agreements or selling direct to the wholesale electricity market – has prompted the Department for Business, Energy and Industrial Strategy to ponder whether contracts-for-difference payments will be fit for purpose in the years ahead.
Analyst Cornwall Insight said the figure, drawn from its Renewable Pipeline tracker, related only to the proportion of the nation’s 13 GW solar pipeline which had already applied for or secured planning permission.
The announcement by the Department for Business, Energy and Industrial Strategy of an auction which will include solar next year appears to back prime minister Boris Johnson’s claims to be serious about the nation’s net-zero carbon ambition.
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