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ARTICLE · 26 SEPTEMBER 2019

Striking Results Emerge From CfD Allocation Round 3

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BEIS published the results of the CfD Allocation Round 3 today. Key points to note are:

United KingdomEnergy and Natural Resources
Hannah Roscoe
Hannah Roscoe
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BEIS published the results of the CfD Allocation Round 3 today. Key points to note are:

  • Record low Strike Prices
  • First participation of remote island wind
  • Several big projects missed out on CfDs
  • Only 5.7 GW of the 6GW capacity available for allocation was awarded a CfD

Record low Strike Prices

Strike Prices ranged from £39 to £41/MWh (in 2012 prices). These prices are well below both the administrative Strike Prices set by BEIS and the prices seen in CfD Allocation Round 2. For wind, this is an indication that developers are expecting that the downwards trend for construction and technology costs in the sector will continue.

First participation of remote wind

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