UK sets out draft CfD terms

The Blyth Offshore Wind Deployment Site

The UK is relying on CfDs to underpin a massive offshore wind build programme

The UK today published the draft terms of the Contracts for Difference (CfDs) that will underpin its new support regime for large-scale renewable generation.

The CfD is the key mechanism the UK government hopes will unlock up to £110bn ($170bn) of investment, including a huge offshore wind programme.

The draft contract – stretching to almost 200 pages – is likely to give the UK industry’s lawyers busy a month, as the Department of Energy and Climate Change (DECC) set a deadline of 2 September for feedback on the terms.

DECC today confirmed that the standard CfD term for most renewable technologies will be 15 years.

It also reiterated that contracts will initially be allocated on a Log in to read complete article.

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