United Kingdom: More Money for Upcoming Renewable Energy Auction

UK CfD auction gets slightly higher budget, details confirmed (Renewables Now)

(Courtesy CIA.gov)

The overall budget for the third Contracts for Difference (CfD) auction in the UK has been increased to GBP 65 million (USD 84.7m/EUR 75.6m) from GBP 60 million in the draft proposal, and the final details have been confirmed.

The allocation round starts on May 29 and will be open to all so-called Pot 2 less-established technologies such as offshore wind, geothermal power, remote island wind, and marine power, among others.

All projects have to be delivered in 2023-2024 and 2024-2025.

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From the Global Geothermal News archives:

• Friday, April 12, 2019 - United Kingdom: Opportunity for Deep Geothermal to Compete for Contracts for Renewable Projects
• Tuesday, September 12, 2017 - United Kingdom: Geothermal Energy Misses out on Round of Government Subsidies
• Monday, March 13, 2017 - United Kingdom: Opportunity for Deep Geothermal to Compete for Contracts for Renewable Projects