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They are jointly assessing the opportunity to develop and build a floating offshore wind project by participating in Spain’s first offshore wind auction
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Deutsche Börse subsidiary – the European Energy Exchange – ACX plan to work together to provide a streamlined solution across the spot and future carbon markets
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GlobalData predicts the move will provide ‘new impetus for the growth of the onshore wind market’
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With projects set to be delivered for as low as £39.65/MWh, around 30% lower than the second auction held in 2017, the auction has caused a stir amongst the sector
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He promised to continue to press the UK Government to commit to a fairer system that offers early stage technologies a better chance of securing investment
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Around 6GW of projects have been awarded contracts, with offshore wind projects set to be delivered for as low as £39.65/MWh
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It has launched judicial review proceedings against what it says is the government’s discrimination of onshore wind in favour of offshore wind in its CfD auctions
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The proposed changes are intended to ensure existing capacity or DSR components that do not comply with the limits cannot receive capacity payments from 2025
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This year’s Contract for Difference (CfD) auction includes a capacity cap of 6GW for low carbon power
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The changes will prevent coal plants from taking part in the auction, with the first one scheduled to take place later this year
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The latest auction will support up to 6GW of new renewable energy, enough to power around 350,000 homes each year
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It has been reduced from 4.6GW to 2.7GW
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