Jury out over early offshore CfDs

The wind farms are vying to join the London Array in the UK's offshore wind fleet

The wind farms are vying to join the London Array in the UK's offshore wind fleet

Developers have offered mixed views over the impact of the UK’s announcement last week that seven offshore wind farms are in contention for a possible early Contract for Difference.

Twelve offshore wind projects applied for the so-called Final Investment Decision-enabling process, and seven remain in the running for an early CfD.

Centrica acknowledged that its Round 2 Race Bank was one of the five offshore wind projects that did not make the cut.

Some of the successful bidders, such as Mainstream Renewable Power, indicated that an early CfD would make it easier to reach financial close. Mainstream expects to reach financial close for its 450MW Neart na Gaoithe project in 2014, with construction to begin in 2015.

However, others in the Log in to read complete article.

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