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Contract for Difference

Ørsted presses pause on 2.4GW Hornsea 4 offshore wind project 'in its current form'

Wind

Ørsted presses pause on 2.4GW Hornsea 4 offshore wind project 'in its current form'

Major blow to government's clean energy plans, as leading offshore wind developer shelves project over rising cost concerns

clock 07 May 2025 • 5 min read
Government to halve subsidies for Drax biomass power plant with new 'compromise' contract

Biomass

Government to halve subsidies for Drax biomass power plant with new 'compromise' contract

Proposed agreement aims to ensure only sustainable biomass used in Yorkshire power plant, but campaigners decry 'a dirty compromise with past failures'

clock 10 February 2025 • 5 min read
The clean power auction was a success, but it is only a staging post

Policy

The clean power auction was a success, but it is only a staging post

Yesterday's clean power auctions were more competitive than expected, but there is an urgent need for the government to now accelerate the timetable for future auctions

clock 04 September 2024 • 7 min read
'Biggest budget yet': Government announces record £1.5bn for CfD clean energy auction

Energy

'Biggest budget yet': Government announces record £1.5bn for CfD clean energy auction

Clean energy auction budget increased by more than 50 per cent, following 2023 'catastrophe' that saw no new offshore wind projects secured

clock 30 July 2024 • 7 min read
Government eyes reforms to crucial clean power auctions

Policy

Government eyes reforms to crucial clean power auctions

Government says potential reforms to flagship Contracts for Difference scheme would 'improve energy security and drive investment', but industry fears upcoming auction faces severe cost challenges

clock 17 April 2023 • 7 min read
Government confirms £205m budget for latest renewables auction

Wind

Government confirms £205m budget for latest renewables auction

Budget announced for first annual contracts for difference auction round, but renewables industry fears smaller funding pot and soaring material costs could hit project pipeline

clock 16 March 2023 • 4 min read
Government confirms plans for Spring 2023 clean energy auction round

Energy

Government confirms plans for Spring 2023 clean energy auction round

BEIS publishes series of documents clarifying plans and prices for next round of Contract for Difference awards

clock 14 December 2022 • 4 min read
'Discriminatory': EU launches WTO challenge over UK's clean energy subsidy scheme

Supply chain

'Discriminatory': EU launches WTO challenge over UK's clean energy subsidy scheme

EU accuses UK of undermining efforts to tackle climate change through its plan to make domestic content a criteria for Contracts for Difference eligibility

clock 29 March 2022 • 4 min read
Government moves to turbocharge renewables roll out with annual auctions

Energy

Government moves to turbocharge renewables roll out with annual auctions

Major win for UK renewables sector, as government confirms it will stage Contract for Difference auctions every year

clock 09 February 2022 • 5 min read
Government seeks clean power contract supply chain reforms as EU tensions loom

Energy

Government seeks clean power contract supply chain reforms as EU tensions loom

Proposals for more robust assessment of supply chain plans from developers seeking clean power contracts unveiled by government

clock 04 February 2022 • 6 min read
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