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The Low Carbon Contracts Company and the Electricity Settlements Company were established to help deliver the Contracts for Difference and the Capacity Market schemes
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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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Projects will compete for a total capacity of 6GW for delivery years 2023/24 and 2024/25
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They have signed Power Purchase Agreements, starting from commercial operation which is scheduled for 2022
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It is planned to be opened by May 2019
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It would export renewable power to the national grid
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They will be held every two years from 2019, with £557m being awarded to developers
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Wind farms with a capacity of 5MW and more will be able to take part in the upcoming Contracts for Difference auction
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First Minister Carwyn Jones said the project can only proceed if the UK Government commits to an “appropriate” contract for difference arrangement
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