Race Bank misses early UK CfD nod

Centrica has already brought the Lincs project into operation

Centrica has already brought the Lincs project into operation

UK utility Centrica is “disappointed” that its consented 580MW Round 2 Race Bank project off the Norfolk coast has been rejected by the UK government as one of the first wave of new energy projects to qualify for higher levels of subsidies.

A Centrica spokeswoman tells Recharge that “we are disappointed that Race Bank has not been included as one of the projects that are eligible to receive an early Contract for Difference (CfD)” under yesterday’s government announcement.

“We continue to believe that Race Bank is one of the best consented offshore projects in the UK and will work with the Department of Energy & Climate Change (DECC) to understand why Race Bank did not meet the criteria to receive the final investment decision enabling contract,” she adds.

Analysts claim the decision places new doubt on whether the project will go ahead. This summer Log in to read complete article.

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