The Department for Business, Energy & Industrial Strategy (BEIS) recently announced the details of the second Contract for Difference (CfD) Allocation Round.
The Contract for Difference (CfD) Round 2 auction delivered a dramatic reduction in costs for offshore wind.
Key points included:
Despite the high volume of capacity procured, just £176 million, or 60% of the allocated budget, was utilised. These results will have a significant impact for UK energy policy and the energy mix going forward.
Download the latest CfD Allocation Round update for more information.