More than £1 billion of annual subsidies will be made available in the upcoming Contracts for Difference (CfD) auctions, the government has announced, with £800 million up for grabs in the pot 3 auction for offshore wind. The total budget is the largest to date and more than quadruple the amount offered in the previous auction round. Renewable UK has nevertheless described the announcement as a "missed opportunity", warning that the UK remains off track to meet its 2030 offshore wind target.
More than £1bn of annual subsidies up for grabs in this year’s CfD auctions
