British parts for British wind farms: Government tightens supply chain criteria for clean power projects
Share
Dogger Bank, the world s largest wind farm, is supprted by CfD | Credit: Equinor
BEIS confirms plans to strengthen supply chain rules for projects receiving Contract for Difference payments in bid to stimulate growth of local economies
The government has confirmed it is tightening the rules governing its renewables subsidy regime ahead of the fourth round of clean power contract auctions later this year, announcing last week it will.
To continue reading this article.
Join BusinessGreen
Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
RenewableUK calls for introduction of 2030 green hydrogen and onshore wind goals
Share
EDF s 4.1MW Burnfoot Hill wind farm in central Scotland
Dedicated goals for onshore and floating wind technologies, green hydrogen, and marine energy would drive investment in the sector and set example ahead of COP26 Summit, trade group argues
RenewableUK has called on the government to establish dedicated 2030 capacity targets for onshore wind, floating wind, green hydrogen, and marine energy deployment, arguing that clear goals for different clean energy technologies would accelerate progress towards the UK s near-term climate goals.
In a report published this morning, the trade body has urged the government to match its commitment to deliver 40GW of offshore wind capacity by the end of the decade with similar plans to deliver 30GW of onshore wind, 2GW of floating wind, 1GW of marine energy, and 5GW of green hydrogen capacity.
The Low Carbon Contracts Company (LCCC) has revealed that six projects representing 5500MW of offshore wind capacity have now passed their first Contracts for Difference milestone.
The projects, detailed below, were awarded CfDs in the third Allocation Round of the scheme (AR3), as announced in 2019.
The projects that have passed their Milestone Requirement (MR) are Dogger Bank A (1.2GW), Dogger Bank B (1.2GW), Dogger Bank C (1.2GW), Sofia (1.4GW), Seagreen (454MW) and Forthwind (12MW).
The MR is the first significant milestone in a CfD project’s journey to becoming operational, as it requires generators to demonstrate their commitment to delivering the project by incurring actual spend equal to 10% of the expected development and construction costs; or by evidencing project commitments.
The rise of offshore wind
Offshore wind technology is becoming increasingly mainstream. In 2009, offshore wind represented only 1% of global wind generation capacity, a figure which had grown to 10% by 2019.
1 In recent times, the rise of the ESG movement and the ever increasing regional and global pressure to transition to a sustainable future, as reflected in the United Nations 2030 Agenda for Sustainable Development and the United Nations Paris Agreement on Climate Change, has increased the heat on the oil majors to join the energy transition. A number of the oil majors have seized on offshore wind as an opportunity to invest in ready-to-build assets at significant scale, allowing the oil majors to demonstrate high levels of capital expenditure on climate-friendly projects. Despite being slightly late to the game, a number of the oil majors now view offshore wind as an element of their own transition from international oil companies to international energy companies.
Winds of Change: Big Oil s Move into UK Offshore Wind natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.