contracts for difference

Experts warn next auction round likely to leave the UK badly off track to meet its target of 50GW of new offshore wind capacity by 2030

Jeremy Hunt may have made scant mention of the environment, but today's Budget documents included some important green developments

Trade body urges government to be 'ambitious' in setting parameters and budget for this summer's clean power contracts auction after last year's round attracted zero offshore wind bids

Government sets out suite of proposed reforms to enable onshore wind 'repowering’ projects to bid in clean power contract auctions from 2025

NatWest and Boston Consulting Group urges government, business, and investors to cooperate to overcome barriers to mobilising capital spending to transform UK electricity system

Government announces it will raise maximum price for new offshore wind farms by 66 per cent, as Ministers attempt to avoid repeat of last summer's failed clean energy auction

Separate analyses by Cornwall Insight and Imperial College London warn slower offshore wind rollout signalled by recent CfD auction could increase power prices, carbon emissions and delay net zero

Fears grow UK offshore wind farm development could stall unless government moves swiftly to fix faltering auction regime

But industry joins with offshore wind sector in warning that auctions need to ensure all forms of renewable generation can compete

BusinessGreen rounds up all the top reaction to the results of the government's latest Contracts for Difference auction which failed to attract any bids from offshore wind developers