Four of the 27 Contracts for Difference awarded from DECC’s 2015 allocation round have now achieved their milestone delivery requirements, according to the Low Carbon Contracts Company.
The projects are Whirlwind Renewables’ 10MW Achlachan wind farm in Scotland; Enviroparks’ 11MW Hirwaun advanced conversion waste site in South Wales; TCI Renewables’ 6.15MW Common Barn wind farm in Cambridgeshire and Banks Renewables’ 16.4MW Moor House wind farm in County Durham.
The milestone requirement has to be achieved within 12 months of entering into the CfD contract. It can be achieved via two possible routes.
These are the project commitment route – demonstrating contracts are in place to buy all material equipment for the generation and export of electricity – or spending 10% of the expected development and construction costs.
Last March, the LCCC entered into 27 contracts following the first CFD allocation round additional to the 14 Investment Contracts awarded in 2014, of which LCCC currently manage 13.
LCCC chief executive said Neil McDermott: “We have had an ongoing and constructive dialogue with all CFD projects since they were signed in March 2015 to ensure they have the best possible chance of meeting their milestone requirement and contributing to the low carbon future of the UK.”
Image: Penny Hill wind farm (Banks Renewables)
