CfD Round 3 Projects Sign Contracts
All projects that secured Contracts for Difference (CfD) in the UK’s third allocation round have signed their contracts, according to Low Carbon Contracts Company (LCCC).
In total, six offshore wind projects with a combined capacity of 5,466MW were selected in the CfD Allocation Round 3, with the strike prices ranging from GBP 39.65/MWh to GBP 41.61/MWh.
The awarded offshore wind projects are the 1,200MW Doggerbank Creyke Beck A P1, the 1,200MW Doggerbank Creyke Beck B P1, the 1,200MW Doggerbank Teeside A P1, the 12MW Forthwind, the 454MW Seagreen Phase 1, and the 1,400MW Sophia Phase 1.
In the short term, projects must pass their Initial Conditions Precedent within 10 working days, which marks the first step towards the construction and operation in the mid-2020s, LCCC said.
“We are delighted to see the CfD contract enabling another new tranche of low-carbon generation at such low cost to the consumer,” said Neil McDermott, Chief Executive at LCCC. “Once operational, these projects will result in 29TWh of affordable, green power being supplied annually, increasing by 60% our forecast generation from the renewable CfD portfolio pipeline.”