The Department of Energy and Climate Change (DECC) has today announced the final budget for the first Contract for Difference (CFD) allocation round. The final budget is £300 million, which represents an increase from the £205 million indicative budget suggested by DECC in July.
Most notably, the budget for “less established” technologies will increase from £155m for projects commissioning from the 2016/17 delivery year, to £235m for projects commissioning from 2017/18 onwards. For “established technologies”, the budget will increase from £50m for projects commissioning from 2015/16, to £65m for projects commissioning from 2016/17 onwards.
There is no budget for biomass conversions technologies (pot 3).
For clarity, the less established technologies are offshore wind, wave, tidal stream, advanced conversion technologies, anaerobic digestion, dedicated biomass with CHP and geothermal. Established technologies include solar PV, onshore wind, hydro and landfill gas.
A breakdown of the budget can be found in the table below:
CFD Budget Release for 2014 Allocation Round (Figures are total support payments available in a given year)
Please click here to view table.
A Framework Revision and an Updated Final Allocation Framework are also released today ahead of the auction.
Please click here to view timetable.
*Note that the timetable provided by DECC does not include deadlines in respect of appeal periods.