The UK’s Department for Business, Energy and Industrial Strategy (BEIS) has announced the results of the fourth contracts for difference (CfD) round, with a record 11 gigawatts of consented capacity set to secure backing.
By Brian Thumath, partner, energy transactions, Pinsent Masons
Following the results of Round 4 and ScotWind, it is clear that joint ventures will continue to be fundamental to delivering large-scale offshore wind projects.
The ScotWind offshore wind programme has been hailed as an unprecedented boon for Scotland and the UK, providing jobs, cash and infrastructure – but how do government and industry ensure these local benefits are delivered?
The government has announced it will provide £20 million per year in ringfenced tidal stream project support as part of the upcoming Contract for Difference (CfD) round, following pressure from industry and MPs.
