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CFD results show dramatic increase in projects granted

Ben Guest, Managing Director, Gresham House New Energy and Manager of the Gresham House Energy Storage Fund, comments on the result of the UK Government’s bi-annual contracts for difference (CfD) auction, a forum for offshore wind subsidy-granting.

The auction resulted in a huge 5.5GW of offshore wind projects being granted contracts for commissioning between 2023 and 2025. This represents a dramatic increase on previous years – 2.1GW of projects were awarded contracts in 2015 and 3.3GW in 2017.

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.