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World Hydrogen Leader 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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  • May 8, 2021
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The move is a sweeping reform to a long-standing process that requires every developer chasing subsidy support for a project of 300MW or above to provide BEIS with plans outlining how developers will build the projects.

 

The changes are being sought to incentivise more local content, especially from offshore wind where the government is chasing a sector deal target of 60% local content by 2030.

BEIS said it will introduce a new ‘operational condition precedent’ allowing the government to terminate CfDs for projects which fail to follow through with promises made in plans.

 

As part of the changes, the review of each developer’s delivery of its plans will now be brought forward to the milestone delivery date, which is 18 months after contract award.

 

Projects were previously assessed for supply chain compliance at commissioning.

 

At this stage developers will need to provide ‘supply chain implementation statements’ which must be certified before power payments can commence.

 

 

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