Introducing a Contracts for Difference (CfD) Sustainable Industry Reward – Open Consultation

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The government is proposing to introduce a CfD Sustainable Industry Reward (CfD SIR) from CfD Allocation Round 7 onwards.

This follows the Call for Evidence on introducing non-price factors into the Contracts for Difference scheme, for which the government response was published in September 2023.

The CfD Sustainable Industry Reward aims to help accelerate the deployment of low carbon electricity generation, specifically offshore / floating offshore wind, by addressing some of the recent challenges identified by the industry.

The Reward could provide greater revenue support to projects that take meaningful action to increase the economic, environmental and social sustainability of offshore and floating offshore wind deployment.

It could also work with other government policies aimed at increasing the rate of deployment of offshore and floating offshore wind.

Deadline: 11th January 2024

Read more here.

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