The UK Government announced earlier today its intention to hold auctions for the Contracts for Difference (CfD) scheme every year, rather than every two years, in a bid to boost the nation’s clean energy supply chain.
In response to today’s announcement, Solar Energy UK’s Chief Executive Chris Hewett said: “The UK solar industry is delighted that CfD auctions will now be every year. Solar and wind are now the cheapest forms of electricity generation in the country, and speeding up investment will help us reduce Britain’s dependence on expensive and volatile gas markets. It’s good news for the climate and the consumer.
The UK needs to treble its solar energy output by 2030 to keep pace with net-zero targets. Investors are lining up to do just that, and this announcement will give them greater confidence.”
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