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Energy UK warns upcoming CfD auction will fall short of meeting targets


On Wednesday 3 May, Energy UK issued a release stating that it expects that the upcoming Contracts for Difference (CfD) auction will fall well short of delivering the expansion of offshore wind needed to hit the UK Government’s 2030 50GW target. Energy UK highlights that there is currently 27GW of offshore wind capacity in operation or in receipt of a CfD contract, meaning that another 23GW is required to achieve targets. However, due to current long lead-in times, Energy UK expects that the extra capacity will need to be delivered through the next three annual auctions, requiring an average capacity of just under 8GW a round. Up to 3.2GW of new capacity will be delivered in the upcoming round, requiring future rounds to deliver an increased amount of capacity to catch up. To rectify this, Energy UK calls on the government to revisit the budget for the fifth Allocation Round (AR5) and to take urgent action to ensure the UK continues to attract international investment.

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