Home » Market News » DirectorsTalk Highlights » Contracts for Difference (CfD) Allocation Results
Gresham House plc

Contracts for Difference (CfD) Allocation Results

Ben Guest, Managing Director, Gresham House New Energy, 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.

“The result of the latest CfD auction is a strong endorsement of the continued success of the British offshore wind industry.

The sharp increase in commissioning contracts is largely a result of offshore wind project costs dramatically falling, which in turn reduces the power price they require to earn their target return.” 

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.

To read the full news article please click here

Receive our exclusive interviews – Enter your email to stay up to date.

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