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Charley Rattan's picture
Global Hydrogen Advisor, Charley Rattan Associates

UK based offshore wind & hydrogen corporate advisor and trainer; Faculty member World Hydrogen Leaders. Delivering global hydrogen and offshore wind corporate investment advice, business...

  • Member since 2019
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  • Sep 14, 2021
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In the fourth CfD round run since the scheme launched in 2015, Britain indicated it expects some 7GW of offshore wind and a maximum 5GW of technologies such as onshore wind and solar to be underpinned by the December auctions.

The fourth round marks a return for land-based wind and PV since they were controversially excluded from all but the first round of the CfD process as part of a political move by the ruling Conservative Party which has now been reversed. The UK Department of Business, Energy and Industrial Strategy (BEIS) said it would also publish new planning guidance for onshore wind projects in England, "to ensure local communities are given a more effective voice on local development".

But offshore wind will swallow the vast majority of the £265m ($366m), [in 2011/12 prices] annual budget available to spur the new capacity. Some £200m will go to offshore wind projects in the main ‘pot 3’ category, which has no cap on capacity and will see giant development projects underway off the UK coastline fight it out for 15-year power deals based on guaranteed ‘strike prices’.

Stay up to date through me and a community of over 2000 stakeholders at the Offshore Wind and Hydrogen Professionals Group: here

 

 

 

 

 

 

 

 

 

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