London, September 14 - Neftegaz.RU.
The UK has decided to support
renewable energy projects through its latest Contracts for Difference (CfD) auction with an additional €265 million, of which €55 million per year has been earmarked for wave, tidal, floating wind and geothermal energy projects.
Divided into 3 pots, this will be the UK
’s biggest renewable energy support scheme ever, as the government aims to double the renewable electricity capacity secured in the 3rd
round and generate more installed renewable
energy capacity than the previous three rounds combined.
The biggest chunk of the additional CfD support, €200 million, has been set aside for offshore wind projects to help meet the manifesto commitment to ensure the UK has 40 GW of capacity by 2030.
Wave, tidal, floating wind and geothermal energy projects
will be backed with €55 million through an auction pot set up for less established technologies.
Of this, €24 million is ringfenced for floating wind projects.
For the 1st
time since 2015, established technologies such as onshore wind and solar will also be able to bid.
The CfD scheme pot dedicated to established technologies is worth €10 million budget, with a cap on total capacity set at 5 GW and maximum capacity limits of 3.5 GW imposed on both onshore wind
Offshore wind, as well as floating wind, wave and tidal, and other less established technologies, do not have any capacity caps set.
Final levels of support and capacity could be higher and will be announced ahead of the Round 4 CfD auction opening in December.
Last year, the UK government said the 4th
round aimed to increase the capacity
of renewable energy from the 5.8 GW achieved in the last round to up to 12 GW, which could be enough to power 20 million electric cars on the UK’s roads in any year.