Three offshore wind farms are among five projects awarded Contract for Differences that have passed the first 12-month delivery milestone requirements stipulated by the Low Carbon Contracts Company.
The projects are Innogy’s 860MW Triton Knoll, Orsted’s 1386MW Hornsea 2 and EDPR, Engie and Mitsubishi Corp’s 950MW Moray East projects, which were awarded contracts in second CfD allocation round.
UK Energy and Clean Growth Minister Claire Perry said: “In 2017 more than 50% of UK electricity came from clean sources in what was our greenest year ever, making the UK one of the most attractive places in the world to invest in renewable projects.
“As we celebrate the first ever Green GB Week, it’s fitting these exciting clean energy projects have met this latest milestone demonstrating the continued success brought by falling costs and UK innovation.”
LCCC said the milestone requirement must be met within 12 months of the CfD being signed and requires the generator to demonstrate commitment to delivering the project.
This is achieved by either by incurring spend equal to 10% of the expected development and construction costs or evidencing project commitments, including that financing and contracts are in place.
The other two projects passing the milestone are the 0.64MW Rebellion Biomass and 10.2MW IPIF Fort Industrial advance conversion technology schemes.
However, the Grangemouth Renewable Energy Plant and Station Yard projects failed to make sufficient progress and have had their contract terminated, LCCC said.
LCCC was set up by the UK government to act as counterparty to the CfD contracts.