Details of next £290m CfD auction revealed

BEIS has explained who will be eligible for its second contracts for difference auction next year, focusing on offshore wind and other less established technologies

Offshore wind bidders will need to deliver capacity at strike prices 25% lower than in the first CfD auction. Photograph: Fabian Schmidt /123RFA contracts for difference (CfD) auction for offshore wind and other less established technologies will take place next year, the government has confirmed.

Announcing the auction on 9 November, BEIS said up to £290m would be available annually in ‘Pot 2’ for 15-year projects starting to generate electricity from 2021/22 or 2022/23.

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