The UK government finally allow solar PV to join the CfD auction round 4, in which UK government would provide 12 GW renewable energy capacity in total.
It is the first time for solar PV to join the auction. Besides solar PV, there are onshore and offshore wind, tidal and floating offshore wind projects to fight for government al subsidies of 15 years.
Under the CfD scheme, the government sign long term contracts with renewable energy companies selected through the competitive process. Winning projects are selected basis lowest price offered.
“The UK is a world leader in clean energy,more than one third of electricity now coming from renewables. This huge achievement is contributed to the government’s Contracts for Difference scheme,” stated Energy Minister Kwasi Kwarteng. “The new plans set out today is founded on the Prime Minister’s Ten Point Plan, which put us firmly on the path towards building a new, green industrial revolution.”
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