East Anglia One, Hornsea One offshore wind projects start getting phase 2 CfD payments
- Business developments & projects
The second phases of the East Anglia One and Hornsea One offshore wind projects in the UK have begun receiving payments under their Contracts for Difference (CfDs).
This means that 285 MW from East Anglia One and 400 MW from Hornsea One have passed their Operational Conditions Precedent (OCPs) and achieved a confirmed start date on 31 March.
The two project phases combined are expected to generate enough electricity to power over 700,000 homes.
They now bring the CfD live portfolio to a total of 4.87 GW of operational capacity, of which 3.16 GW is from offshore wind, the Low Carbon Contracts Company (LCCC) said.
“While the country has had to cope with the impact of coronavirus on daily life, it is good to see progress being maintained on our path to decarbonisation,” said Neil McDermott, LCCC Chief Executive.
“I congratulate the developers of East Anglia One and Hornsea One on being able to significantly add to our supply of lowcarbon electricity safely and effectively, and I am proud of the LCCC team being able to help them past this milestone while working entirely remotely.”
Additionally, the operational Dudgeon, Walney Extension Phase 1 and Burbo Bank Extension offshore wind projects have reached the final contractual hurdle in the development process, the Final Installed Capacity (FIC).
To remind, the first phase of the 1.2 GW Hornsea One project began receiving CfD payments in May last year.
At the beginning of this year, the 714 MW East Anglia One complied with all the OCPs to begin receiving payments under the CfD scheme.