EA1, Neart scoop offshore CfDs
Big onshore wind winners from first round include Infinergy, Banks, RWE
Iberdrola and Vattenfall's 714MW East Anglia 1 and Mainstream's 448MW Neart na Gaoithe offshore wind farms have scooped contracts for difference under the first allocation round.
Onshore wind success included Infinergy's 177MW Dorenell and 39MW Tom nan Clach in Scotland, Banks Renewables' 104MW Kype Muir and 60MW Middle Muir - again in Scotland - RWE's 96MW Clocaenog Forest and 40MW Mynydd y Gwair in Wales and its 30MW Bad a Cheo in Scotland.
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- Mainstream wins Neart CfD battle
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- RWE targets €5bn Innogy IPO
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- Testing time for Axys buoy
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- RWE readies Innogy IPO
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- Wind spurs RWE output
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- Holyrood renews RSPB battle
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- Scots kill 2.3GW offshore consents
19 Jul 2016
DECC announced more than 2GW of winners from the first allocation round at 7am this morning. National Gid, which coordinated the process, notified applicants of the outcome.
The strike price for the Round 3 East Anglia was £119.89 while NnG, part of the Scottish Territorial Waters round, came in at £114.39. Delivery of EA1 starts in 2017 on a phased basis; Mainstream's project is due online starting 2018-19.
Onshore wind strike prices started at £82.50 and went as low as £79.99 with delivery kicking off in 2016 across 15 projects. Other winners include Brenig's self-titled 45MW wind farm in Wales and RES's 37.5MW Solwaybank and Community Windpower's 37.5MW Sneddon, both in Scotland.
Solar picked up five CfDs on projects ranging between 12MW and 19MW with two bid in at £50 and the remainder at £79. Two successsful energy from waste projects bid in at £80 and three advanced conversion biomass projects starting at £114.
Total spend for mature technologies is £501k in 2016-17 rising to £56m in 2020-21. Total spend in so-called Pot 2, which includes offshore wind, is £1.6m starting 2017-18 and rising to £258m by 2020-21.
DECC published no other information of the successful bids or on unsuccessful projects. CfDs at this stage are only offered contracts. The developers must translate these into firm deals with the CfD counterparty Low Carbon Contracts Company.
DECC secretary Ed Davey (pictured) said the CfD auctions rewarded the best projects from England, Scotland and Wales.
"This world-leading auction has delivered contracts for renewables projects right across the UK," he said.
“These projects could power 1.4m homes, create thousands of green jobs and give a massive boost to homegrown energy while reducing our reliance on volatile foreign markets.
“The auction has driven down prices and secured the best possible deal for this new clean, green energy.”
Subscribers can read full details, analysis and reaction from the first allocation round in next week's exclusive newsletter reNEWS.