Renewables industry urges CfD reforms
- Admin
- Sep 10, 2024
- 1 min read
Trade body RenewableUK suggests reforms to the Contracts for Difference Scheme to enable consistent delivery of new capacity in clean energy auctions. The report calls for parameters reflecting market realities, long-term certainty for developers, specific technology targets, and longer contract lengths. The recent auction secured 9.6GW of renewable energy capacity, showcasing investor confidence in offshore wind market's return. Ambitious subsequent auctions are key for government's clean energy mission.
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