UK: contracts-for-difference budget for 2014 allocation round announced

From October 2014, renewable energy projects will compete for a budget of more than £200m a year as part of the first allocation round for the new contracts for difference (CfD). The CfD budget will be split between the more ‘established’ technologies such as onshore wind and solar and ‘less established’ technologies such as offshore wind. This announcement will be of great interest to developers that are intending to participate in the first allocation round.

The figures (expressed in 2011–12 £ figures) are £50m for the established pot and £155m for the less established pot…

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