On the same day that the Energy White Paper was unveiled, the Government also launched a new consultation on how financing and deployment of renewable technologies can accelerate action towards net-zero, with up to 120GW of solar capacity mooted as a means to quadruple green energy nationally. The Government has launched a consultation to gain views on how renewables deployment can be accelerated in the UK. The call for evidence, which runs until 22 February, notes that renewables generation could see total capacity quadruple by 2050. A range of scenarios will be modelled and explored, and responses will be used to tweak the current Contracts for Difference (CfD) mechanism for future allocation rounds. The next CfD auction is aiming to double the amount of renewable energy procured, with 12GW of wind and solar energy being targeted. The Government has confirmed that the fourth round of the CfD scheme will open in late 2021 and will aim to double the 5.8GW of renewable capacity procured in the previous round. Up to 12GW of renewables are being targeted to assist with the nation’s net-zero emissions target for 2050. The number of technologies supported by the scheme will also be expanded in the latest round, with offshore wind, onshore wind, solar, tidal and floating offshore wind projects all eligible to bid. It marks the first time that floating offshore has been eligible for the scheme and the first time since 2015 that onshore wind and solar have been included.
Edie 15th Dec 2020 read more »