Second round of funding announced for renewable energy sector developers

The CFD (Contract for Difference), is a contract between the Government and a developer within the renewable energy sector, to exchange the difference between an agreed strike price and the wholesale electricity price. This is expected to provide stability and predictability to future revenue streams which will also incentivise investments in low-carbon electricity generation in the UK.

A second round of CFD has been announced and developers will then bid to receive an allocation of this funding. However, it is expected to be heavily oversubscribed, with some developers, therefore, developments, missing out. Those who didn’t receive an allocation in the first round, will obviously be vying for funding once again, with new developers/developments expected to bid as well.

Bids can be submitted between 3rd & 21st April 2017 with developers being informed during June 2017 as to whether or not they have been successful.