BEIS has confirmed its intention to extend the timeline of Contracts for Difference to allow renewables projects to be delivered beyond the current cut-off of 2020.
Following a consultation, the department confirmed it will amend CfD regulations to extend the delivery of projects to 31 March 2026 from 31 March 2020.
Under CfD regulations, allocation rounds and their associated budgets can only be made available for projects commissioning in set periods, known as delivery years.
The current regulations only give BEIS the power to run an allocation round and allocate a budget for delivery years up to the period ending 31 March 2020.
BEIS said: “The results of our recent Government consultation supported the proposed amendment to the CFD (Allocation) Regulations (2014) to extend the delivery years in which budget can be allocated to end March 2026, in order to run future allocation rounds and it is our intention to make the amendment.”
Image: BEIS offices at 1 Victoria Street (Steph Gray)
