The UK government has opened the application window for its Contracts for Difference (CfD) Allocation Round 5.
Developers have until 24 April to submit paperwork for this year’s auction, which is the first CfD round to run annually, instead of every two years.
Applications will be assessed against the relevant qualification criteria after the application window closes, with developers expected to be told whether they will be allowed to participate in the auction on 24 May.
The Department for Energy Security and Net Zero (DESNZ), which is headed by Energy Secretary Grant Shapps (pictured) confirmed a budget of £205m for the round earlier this month.
This includes £170m for established technologies such as offshore wind, onshore wind and solar as well as a £10m ring-fenced budget available for tidal stream technologies.
The administrative strike prices (ASPs) for offshore wind and floating offshore wind for AR5 have been set to £44/MWh and £116/MWh, respectively.
The ASPs for onshore wind and remote island wind have both been put at £53/MWh, while for solar the ASP will be £47/MWh.